Hong Kong Explores Tokenized Bonds and Digital Currency Initiatives

According to ChainCatcher, Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chen Haolian, announced at the 'Web5 Ecosystem' summit on December 18 that the government is examining the legal regulatory framework for the issuance and trading of tokenized bonds. The aim is to explore optimization measures to promote the adoption of tokenization technology in Hong Kong's bond market, thereby diversifying the range of tokenized and digital asset products available in the region. Additionally, the Hong Kong Monetary Authority is advancing digital currency projects, which include encouraging commercial banks to introduce tokenized deposits and facilitating the trading of real tokenized assets.