Capital markets News

After green bond issuance, Hong Kong sees tokenization benefits. Says interoperability needs attention

green bonds

In February Hong Kong issued its first tokenized green bond, a HK$ 800 million issuance using the Goldman Sachs Digital Asset Platform (GS DAP). Today the Hong Kong Monetary Authority (HKMA) published a report that expands on the blockchain bond issuance, Project Evergreen, and explores the potential for tokenized bonds more broadly in Hong Kong.

While the benefits of tokenization are covered in the report, its objective is to move things forward, so it explains some of the frictions and areas that need further work at a market level.

In the foreword of the report, Eddie Yue, CEO of the HKMA said the bond issuance demonstrated how DLT can “enhance efficiency, liquidity and transparency in bond markets.”

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