Odaily Planet Daily reports that the Hong Kong SAR government has issued the third batch of approximately 10 billion Hong Kong dollars worth of digital green bonds, covering HKD, RMB, USD, and EUR. This issuance marks another milestone in the Hong Kong SAR government’s efforts to promote bond tokenization. In addition to traditional settlement methods for the primary issuance of HKD and RMB bonds, an option for settlement using tokenized central bank digital currencies (CBDCs) has been introduced. This helps further shorten settlement times, reduce costs, and lower counterparty credit risk. It is also among the first in the world to apply tokenized RMB and HKD CBDCs in the settlement process for digital bonds. All bond issuances in these currencies utilize Digital Token Identifiers (DTIs), which are defined by the ISO 24165 standard established by the International Organization for Standardization for global digital token identification. (Hong Kong Government Press Release)
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The Hong Kong SAR Government issues the third batch of digital green bonds worth approximately 10 billion HKD.
Odaily Planet Daily reports that the Hong Kong SAR government has issued the third batch of approximately 10 billion Hong Kong dollars worth of digital green bonds, covering HKD, RMB, USD, and EUR. This issuance marks another milestone in the Hong Kong SAR government’s efforts to promote bond tokenization. In addition to traditional settlement methods for the primary issuance of HKD and RMB bonds, an option for settlement using tokenized central bank digital currencies (CBDCs) has been introduced. This helps further shorten settlement times, reduce costs, and lower counterparty credit risk. It is also among the first in the world to apply tokenized RMB and HKD CBDCs in the settlement process for digital bonds. All bond issuances in these currencies utilize Digital Token Identifiers (DTIs), which are defined by the ISO 24165 standard established by the International Organization for Standardization for global digital token identification. (Hong Kong Government Press Release)