China News Agency, Hong Kong, February 16th. The Hong Kong Special Administrative Region Government announced on the 16th that it has successfully sold 800 million Hong Kong dollars of tokenized green bonds under the government green bond program. This is the world's first tokenized green bond issued by the government.
According to the SAR government, the one-year Hong Kong dollar tokenized green bond has a yield of 4.05%. The related offering is underwritten by four banks, two of which also serve as investor custodians.
The Hong Kong Monetary Authority (HKMA) Central Units Unit (CMU) for debt instruments is the clearing and settlement system for this bond, and the platform is Goldman Sachs' tokenization platform GS DAP?.
According to the SAR government, as the first batch of tokenized bonds governed by Hong Kong law, this issuance shows that Hong Kong can provide a flexible and convenient legal and regulatory environment for innovative bond issuance forms.
As the representative of the Hong Kong Special Administrative Region Government under the green bond program, the HKMA will release a white paper in due course, summarizing the experience of this issuance, and looking forward to the next step, providing reference for the issuance of tokenized bonds in Hong Kong.
Chen Maobo, Financial Secretary of the Special Administrative Region Government, said: "Hong Kong has been actively promoting the application of innovative technology in the financial field, and actively exploring new concepts and technologies to improve the efficiency, transparency and security of financial transactions. We published in October last year about Hong Kong The policy declaration on the development of virtual assets shows that we are actively embracing financial innovation related to the third generation Internet (Web3) and promoting the steady and prudent development of the market. The successful issuance of tokenized green bonds this time marks that Hong Kong is combining the bond market, green and sustainable Sustained finance and the advantages of financial technology are milestones. The SAR government will continue to promote the innovation and development of the financial market." (End)