Hong Kong’s government already issued $100 million in tokenized green bonds on Feb. 16 under its Green Bond Programme.
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), has launched a scheme to subsidize some of the costs of issuing tokenized bonds, aimed at encouraging more adoption of tokenization in its capital markets.
According to the Nov. 28 statement and accompanying guidelines, the HKMA’s Digital Bond Grant Scheme (DBGS) will subside up to 50% of the “Eligible Expenses” for each eligible digital bond issuance — but only up to a certain amount.
“The DBGS aims to promote the development of the digital securities market and encourage broader adoption of tokenization technology in capital market transactions,” HKMA said in a statement.
