Source: Hong Kong Government special administrative region
HKMA establishes Tokenised Bond Expert Group
The Hong Kong Monetary Authority (HKMA) announced today (June 5) that it has convened a Tokenised Bond Expert Group (Expert Group), bringing together industry representatives with relevant experience and interest in Hong Kong’s tokenised bond market development, in order to drive further adoption and scalability of tokenised bonds in Hong Kong.
Member institutions of the Expert Group (see Annex) are representatives from industry associations, financial institutions, legal advisory firms, as well as financial infrastructure and technology providers. Building on the progress achieved so far through the HKMA’s various tokenised bond-related initiatives, the Expert Group will collectively explore policy measures, market practices, and innovations.
About HKMA’s tokenised bond-related initiatives
In 2021, the HKMA embarked on its bond tokenisation journey with a joint proof-of-concept study with the Bank for International Settlements Innovation Hub Hong Kong Centre. This was followed by the successful execution of three landmark tokenised bond issuances for the HKSAR Government, including the world’s first tokenised government green bond in 2023, the first multi-currency digital bond in 2024, as well as the largest digital bond issuance at the time of issuance and the first digital bond to integrate tokenised central bank money in the form of e-CNY and e-HKD in 2025. Issued at HKT 15:00
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