Hong Kong will issue his third party of tokenized green bondsAs part of a broader plan to normalize the issuance of tokenized government bonds in the future and provide incentives for tokenization of real assets (Rwas), including exemption stamp duty upon transfer of tokenized stock exchange traded funds (ETFS).
SPEAking at the Hong Kong Digital Finance Awards 2025, Secretary for Finance and Treasury of Hong Kong, Christopher Hui Ching-yu, Said that the Government Had Issued Green Bonds in Tokenized Form Twice Already, in 2023 and 2024, Prepaled, According to a July 5 Report by state-owned Beijing newspaper Wen Wei Po.
HUI added that Hong Kong government will also promote the tokenization of a broader range of assets and financial instruments to demonstrate the different Applications of tokenization technology in various sectors, including precious metals, non-grain metals and renewable energy (such as solar panels).
Hong Kong’s race to be hub
Despite the mainland China’s reluctance to embrace digital assets in other than the digital yuan, the country’s government-controlled Central Bank digital currency (CBDC) – Hong Kong, on the other hand, has been the task of becoming a digital asset hub for the region.
In January Hong KongS central bank, Launched A new initiative to support local banks when they launch blockchain products, where tokenization is a core focus when the incubator begins. HKMA described The incubator as a “new supervisory arrangement” that allows local banks to “maximize the potential benefits of DLT assumption by effectively managing the associated risks.”
This was only the latest in several initiatives launched by HKMA targets you to digital assets and blockchainAnother is a Stablecoin sandbox Launched by the central bank in March last year.
The special administrative region continued to increase its efforts in 2025. In May, Hong Kong Legislers passed The “StableCoin Regulation”, which makes it the first major economy with an act that is fully dedicated to Stablecoins. When it comes into force it will provide an extensive License regimeWith all the units that issue Stablecoins in Hong Kong (or issuing Hong Kong Dollar-referenced Stablecoins anywhere in the world) henceforth need to get a license from the central bank. Unlicensed issue or advertising will be a crime.
In addition, issuers must maintain a one-to-one reserve support with high-quality liquid assets, provide clear redemption rights and carry out robust control of anti-money washing (AML). They also set a high bar for entry, with the law that demanded paid capital of at least HKD25 million ($ 3.19 million), or one percent of coins outstanding for non-banks, plus a separate pool of reserve assets with a market value equal to or exceeds the couple value for outdoor stablecoins.
More recently, in June, Securities and Futures Commission (SFC), Hong Kongs Top Finance Sector Regulator, announced Plans to allow digital assets for professional investors, as part of the broader strategy for expanding the product range and strengthen the territory growing status as a fintech hub.
Later in the month Published Its “Policy statement 2.0 on the development of digital assets in Hong Kong” further emphasizes the territory of ambitions. Other measures introduced the new “leap” framework, which doubles on Stablecoin and Access tokenization policy, as well as reconcile its regulations for all virtual asset service providers (VASP).
During his speech last week, HUI CHING-YU reportedly emphasized the new political statement as an example of how Hong Kong has gradually built a regulatory framework that balances risk management and investors’ protection as well as industry development to promote the sustainable development of the territory’s digital assets.
In addition to all this, there is the announcement of the imminent issue of a third party of tokenized green bonds, and Hong Kong seems to put down a significant marker for other jurisdictions that are keen to get the most out of the digital asset space.
See: Tim Draper Talks Tokenization with Kurt Wuckert Jr.
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