The Hong Kong Special Administrative Region government issued its third tranche of digital green bonds, worth approximately HK$10 billion.
Odaily Planet Daily reports that the Hong Kong Special Administrative Region (HKSAR) government has issued its third batch of digital green bonds, worth approximately HK$10 billion, covering Hong Kong dollars, renminbi, US dollars, and euros. This issuance marks another milestone for the HKSAR government in promoting bond tokenization. In addition to traditional settlement methods, the primary issuance of Hong Kong dollar and renminbi bonds also introduces the option of settlement using tokenized central bank currencies. This helps to further shorten settlement time, reduce costs, and mitigate counterparty credit risk. It is also among the world's first digital bonds to utilize tokenized renminbi and Hong Kong dollar central bank currencies in the settlement process. All bond issuances in all currencies adopt Digital Token Identifiers (DTIs), a global identification standard for digital tokens defined by the International Organization for Standardization (ISO) standard 24165. (Hong Kong Government Press Release)
