Last week the Hong Kong government issued $5.75 billion in green bonds in a mix of US dollars, Euro and Renminbi. These bonds did not involve blockchain, but the Hong Kong Monetary Authority (HKMA) has confirmed that the next one will.
“The HKMA is working on another institutional government green bond in tokenised format,” an HKMA spokesperson told Ledger Insights. “The objective is to test out the financial infrastructure and the legal and regulatory environment in Hong Kong for the use of DLT throughout the bond lifecycle and to serve as a guide for similar future issuances by market participants.”
Update Feb 13: more details regarding which banks will be involved in the issuance.
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