Hong Kong plans to expand its token bond program, as the government prepares a third batch of intentions of green bonds and signals to create a regular feature of its debt strategy to issue such a debt strategy.
Speaking at the Hong Kong Digital Finance Awards 2025, Financial Services Secretary and Treasury Christopher Hua confirmed that the government’s upcoming token bond sales are based on two first round success of the two first round of green bonds issued in 2023 and 2024.
Bond recorded and settled on distributed laser technology, According For Thursday’s report from Wayne We Po, owned by Beijing State.
Hui said that the aim of the officers is to normalize government bonds in future. To encourage extensive adoption, the government is considering tax encouragement, including exemption on stamp duty for transfer of token-traded funds.
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Hong Kong unveiled new digital asset strategy
The hug of Hong Kong tokens comes as part of the comprehensive digital asset strategy mentioned in the newly released Digital Asset Development Policy Declaration 2.0.
Last week, the region announced that the new digital asset plan inspires stabilcoin and promotes asset tonization through its “leap” framework, legal clarity, development of ecosystems, adopting the real world and talent development.
As part of the new structure, the government will implement a licensing regime for StableCoin issuers starting on August 1, which will “facilitate the development of real -world use cases.”
Meanwhile, the government is consulting the public on digital asset trading platforms and proposed licensing rules for Custodians, opening with consultation period by the end of August.
Hong Kong Exchange and Clearing (HKEX) have also launched the city’s first Digital Asset Index, which offers a price benchmark for bitcoins and atheriums during the Asian trading hours. The purpose of the attempt is to attract institutional investors by providing reliable onshore reference values.
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Last month, Hong Kong’s financial regulators announced a plan to roll out digital asset derivative trading for the purpose of professional investors.
This step makes the spot cryptocurrency at recent approval for ETFs, futures products and staking services. In April, Hashki received the authority to provide stacking, underlining the city’s push to establish itself as a top digital finance center.
In May, the Legislative Council of Hong Kong passed the Stabecrim Bill, establishing the platform for a regulated environment, which could strengthen the city’s role as a global center for digital assets and web 3 innovation.
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