Hong Kong’s bond tokenization efforts yield ‘significant operational improvements’

The Hong Kong Monetary Authority (HKMA) said that blockchain-based bonds have showcased the potential for “significant operational improvements” in the bonds market, the South China Morning Post reported.

Hong Kong’s central bank issued HK$800 million worth of blockchain-based green bonds under a tokenization initiative launched in February called Project Evergreen. The project used distributed ledger technology (DLT) to issue and trade the digital bonds.