Hong Kong to Sell Third Blockchain-Based Green Bond Sale: Bloomberg
Hong Kong is preparing its third digital green bond sale, denominated in multiple currencies, to bolster its status as a tokenized asset hub.Summary
Hong Kong is preparing to issue its third government-backed digital green bond sale since 2023, signaling a deepening commitment to blockchain-based finance as it seeks to become a leading global hub for tokenized assets. The offering, which could see pricing finalized soon, will be denominated in US dollars, euros, offshore yuan, and Hong Kong dollars, according to Bloomberg sources. These are digitally native bonds created and settled entirely on blockchain platforms, with HSBC providing the infrastructure for this latest issuance. The 'green' label signifies that the raised funds will support environmental or climate-focused projects. This move comes amid competition from regions like Singapore and Dubai. Appetite for tokenized debt is growing in the city, with corporations having already issued six such bonds, raising a total of $1 billion. S&P assigned the notes an AA+ rating, noting that risks associated with digital issuance are mitigated by a fail-safe mechanism allowing a shift back to traditional systems if necessary.
(Source：CoinDesk)