Hong Kong’s Tokenized Bond Move: Banks and Tech Firms in the Mix
(SeaPRwire) –
By: Logan Pierce, Independent Business Writer
Hong Kong forms a new expert group. JPMorgan, HSBC, Standard Chartered, UBS, Ant Digital, and HashKey join. The group reviews policy, market practices, and tech needs for tokenized bonds.
HKMA announced the group. First talks in May focused on legal regs. Group checks how rules apply to bond sales and trades.
HKMA built on past bond sales. 2021 worked with BIS. 2023: HK$800M tokenized green bonds. 2024: HK$6B digital green bond with 4 currencies.
HashKey’s Xiao Feng says legal, infra, market need to work. U.S. has blockchain pilot. Asia has partnerships. Competitors are moving.
Group brings banks, tech firms, market players. Aims to solve practical issues. Tokenized bonds’ future ties to rule, infra, market sync.
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