Hong Kong SAR Government: Will regularize the issuance of tokenized government bonds.

[Hong Kong SAR Government: Will Regularize the Issuance of Tokenized Government Bonds] The Hong Kong SAR Government today released the "Hong Kong Digital Asset Development Policy Declaration 2.0". In the declaration, the SAR Government stated that it has issued tokenized green bonds twice (totaling approximately HKD 6.8 billion), proactively demonstrating the benefits of the tokenization scheme. On this basis, the government will regularize the issuance of tokenized government bonds and explore different currency and maturity arrangements, as well as other innovative options. The SAR Government expects to provide a stable and high-quality digital bond to the market through this initiative, further expanding accessibility and attracting a broader investor base. To further leverage the advantages of tokenization, the Hong Kong Treasury and Monetary Authority will continue to communicate with industry experts to understand various market perspectives, including the inclusion of digital money to enhance trading efficiency, secondary market trading application scenarios, and further expanding investor participation in the local bond market. The SAR Government aims to set a global benchmark by being the first to issue tokenized bonds and regularizing them, enhancing market confidence in this technology while encouraging adoption by the public and private sectors.