L'accélération de la tokenisation du marché obligataire de Hong Kong : premiers cas mondiaux de règlement avec monnaie numérique de banque centrale

[Rhythm of the Block] Hong Kong is making new moves on the path of bond tokenization. The Treasury Bureau has revealed that they are studying how to better adapt existing laws to tokenized bonds, with a clear goal: to enable the Hong Kong bond market to fully embrace tokenization technology. The specific plan? It will be unveiled in the first half of next year.

It is worth noting that the third batch of tokenized green bonds previously issued by Hong Kong introduced some new features. For the first time, this batch of bonds used tokenized central bank currencies in RMB and HKD for settlement—a global first. In other words, the entire process from issuance to settlement was digitized, achieving a true integration of the traditional bond market with central bank digital currencies.

This is actually quite significant. On one hand, it validates the feasibility of tokenization technology in mainstream financial markets; on the other, it provides a reference case for other regions exploring similar paths. It seems Hong Kong is determined to continue leading the way in digital finance.