Hong Kong continues to develop its tokenized bond program by announcing a new batch and planning to make such issuances a regular practice.
Development of Tokenized Bonds
Secretary for Financial Services and the Treasury Christopher Hui confirmed that the upcoming tokenized bond sale builds on the success of two earlier rounds in 2023 and 2024. These bonds were recorded and settled on distributed ledger technology.
Hong Kong's Digital Asset Strategy
Hong Kong is launching a new digital asset strategy aimed at regulating stablecoins and promoting asset tokenization through a newly initiated framework. As part of this approach, a licensing regime for stablecoin issuers will begin on August 1. The government is also consulting the public on licensing rules for digital asset trading platforms.
Plans for Crypto Derivatives Trading
Last month, Hong Kong's regulators announced plans to roll out digital asset derivatives trading aimed at professional investors. This follows recent approvals for spot cryptocurrency ETFs and other products, highlighting the city's push to establish itself as a center for digital finance.
Hong Kong demonstrates activity in the field of digital assets, aiming to create a more structured and secure investment environment, which could strengthen its role as a global financial center.
