Hong Kong welcomes a digital asset revolution! Tokenized bonds officially enter the financial core. Hong Kong plans to embed the issuance and settlement of tokenized bonds directly into its financial system, moving towards a more robust digital capital market infrastructure. The 2026-27 budget reveals this shift: from experimental projects to full integration, tokenized bonds will become a core part of Hong Kong’s regulated financial markets. The subsidiary of the Hong Kong Monetary Authority, CMU OmniClear, will build a digital asset platform to support the issuance and settlement of tokenized bonds and will incorporate digital securities into Hong Kong’s existing clearing and trading framework. Hong Kong has issued multiple batches of tokenized government bonds, including a digital bond worth HKD 10 billion. The government plans to normalize such issuances to enhance market participation and liquidity. Additionally, Hong Kong has launched a stablecoin licensing regime and established regulatory rules for digital asset traders and custodians to ensure a fully regulated digital asset market. This city is moving from the testing phase of tokenized bonds to an era of standardized, regulated digital markets.