Hong Kong is advertising and marketing multi-currency digital bonds for the third time, with an purpose to change into a world hub for digital property.
Bloomberg reported Monday that the brand new set of “digitally native” bonds will likely be denominated in US {dollars}, Hong Kong {dollars}, euros and offshore yuan. Sources accustomed to the transfer stated that the deal may very well be priced as early as Monday.
A digital bond is a sort of safety issued and managed utilizing blockchain expertise. The blockchain permits the bond’s particulars and possession to be recorded securely and transparently on a digital ledger.
The most recent providing of digitally native bonds throughout a number of currencies will be issued on public blockchains like Ethereum or by way of DLT platforms supplied by HSBC Holdings or Goldman Sachs.
Hong Kong is advertising and marketing a brand new set of “digitally native” bonds denominated in a number of currencies, intensifying the town’s drive to change into a world hub for digital property https://t.co/uZjZ8bDhUh
— Bloomberg (@enterprise) November 10, 2025
Digital Bonds Acquire Traction in Hong Kong
Hong Kong’s newest transfer builds on the town’s established tokenized bond frameworks introduced in 2024. The HKMA launched its second tokenized inexperienced bond in 2023, aiming to leverage blockchain for transparency within the redemption course of.
In addition to, Hong Kong has solidified its place as Asia’s main worldwide bond issuance hub. It accounts for almost 30% of Asian worldwide bond issuances, topping the regional league desk for 9 years.
The announcement to promote digital inexperienced bonds comes days after world asset supervisor Franklin Templeton launched Hong Kong’s first tokenized money-market fund. The fund makes use of blockchain to spice up transparency and transaction effectivity and is initially open to institutional buyers.
Additional, Hong Kong-based corporates difficulty at the least six digital notes, Bloomberg famous. These notes have raised a complete of $1 billion with 4 launching this yr.
Rain Yin, Director at S&P World Rankings, stated that the agency has given AA+ ranking to the proposed digital notes. “These are mitigated by a plan that requires, finally, shifting the notes to the standard techniques in case of disruption.”
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