21st Century Business Herald: Hong Kong to Provide Guidance Clarifying That Debenture Holder Registers Can Be Maintained Using Distributed Ledger

Odaily News To align with the use of tokenization technology in the bond market, Hong Kong plans to provide guidance clarifying that debenture holder registers can be maintained using distributed ledger technology, and to explore the electronic signing of issuance documents and promote the digitization of bearer bonds. Zeng Gang, Chief Expert and Director of the Shanghai Finance and Development Laboratory, believes this is a key institutional breakthrough for Hong Kong in promoting the deep integration of digital currency with traditional finance. After the Hong Kong government provides guidance, registration records on distributed ledgers will gain clear legal validity, equivalent to establishing a "language converter" between traditional financial infrastructure and the digital asset protocol layer, enabling institutions to confidently deploy related technologies within a compliant framework. (21st Century Business Herald)