
The initiative follows more than HK$6.8 billion in tokenized government bond issuance and is aimed at helping develop Hong Kong’s tokenized bond market.
The Hong Kong Monetary Authority has set up a tokenized bond expert group to support development of Hong Kong’s tokenized bond market, following more than HK$6.8 billion ($868 million) in tokenized government bond issuance across multiple offerings. The group brings together industry representatives with relevant experience and interest from industry associations, financial institutions, legal advisory firms, and financial infrastructure and technology providers. Its work will focus on exploring policy measures, market practices, and innovative solutions for the sector. Tokenized bonds are debt instruments issued or represented using blockchain-based systems, which market participants view as a way to streamline issuance, settlement, and broader market infrastructure.