Odaily News:

Today, the Hong Kong Monetary Authority (HKMA) released a report detailing the blockchain bond issuance project "Project Evergreen" and explored the potential of tokenized bonds in Hong Kong. HKMA Chief Executive Eddie Yue stated in the report's preface that bond issuance demonstrates how DLT can "improve the efficiency, liquidity, and transparency of the bond market."



Regarding the proliferation of DLT bond issuance platforms, he stated, "Considering how different solutions can connect and interact with each other, and how traditional systems can avoid fragmentation, will be crucial."



The report concludes by noting that the HKMA and the government will build on the experience of Project Evergreen to collaborate with the industry and further advance tokenized issuance to drive business development in this area. Currently, the HKMA is in discussions with key market participants on the future of tokenized issuance, including exploring new functionalities to enhance efficiency, expand investor coverage, and pave the way for broader adoption in the capital market. (Ledger Insights)