Hong Kong to Launch HKMA Digital Bond Platform in 2026

Hong Kong's Financial Secretary Paul Chan announced in the 2026-27 Budget speech that CMU OmniClear Holdings, an HKMA subsidiary, will build a new digital asset platform this year to handle the issuance and settlement of tokenized bonds, moving this function into core post-trade infrastructure. This platform will eventually be extended to other digital assets and linked with regional tokenization platforms to solidify Hong Kong's role in digital asset development. The government plans to continue issuing tokenized bonds regularly, having already issued HK$10 billion in its third batch in Q4 2025. Furthermore, Hong Kong intends to issue its first fiat-referenced stablecoin licenses in March, with initial approvals being limited, and will introduce legislation for licensing digital asset dealing and custodian services. These moves build upon recent efforts to deepen liquidity in the regulated digital asset market, such as allowing margin financing for digital assets.

(Source：Cointelegraph)