Hong Kong plans to extend its tokenized bond program because the government is preparing a third batch of tokenized green bonds and indicates the intentions to make these emissions a regular characteristic of its debt strategy.
Speaking at Hong Kong Digital Finance Awards 2025, the secretary of financial services and the Treasury Christopher Hui confirmed that the next sale of tokenized government obligations is based on the success of two previous cycles of token green obligations issued in 2023 and 2024.
The obligations were registered and paid on the technology of the big book distributed, according to a report Thursday of the Public Journal of Beijing Wen Wei Po.
Hui said that the authorities were aimed at normalizing token state obligations in the future. To encourage a broader adoption, the government is considering tax incentives, including exemptions from stamp law for transfer of stock market stocks.
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Hong Kong unveils a new digital active strategy
The adoption of Hong Kong’s tokenization is part of its wider digital asset strategy described in the new Declaration of Digital Active Development Policy 2.0.
Last week, the region announced that the new digital asset plan is focused on the regulation of stablescoins and the promotion of assets tokenization through its “Leap” framework, aimed at legal clarity, growth of ecosystems, the adoption of the real world and the development of talents.
As part of the new framework, the government will implement a license regime for stable issuers from August 1, which “will facilitate the development of real use cases”.
Meanwhile, the government consults the public on the license rules offered for digital asset trading platforms and the guards, the consultation period open until the end of August.
Hong Kong Exchanges and Clearing (HKEX) also launched the first digital assets of the city, offering price marks for Bitcoin and Ethereum during Asian negotiation hours. The effort aims to attract institutional investors by providing reliable onshore reference prices.
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Hong Kong targets cryptographic derivatives
Last month, Hong Kong financial regulators announced its intention to deploy the trade in digital asset derivatives for professional investors.
This decision is based on recent approvals for SPOT cryptocurrency FNB, long-term products and implementation services. In April, Hashkey received authorization to provide cleansing, highlighting the city’s pressure to establish itself as a digital financing center.
In May, the Hong Kong Legislative Council adopted the Stablescoin bill, preparing the way for a regulated environment that could consolidate the role of the city as a global hub for digital assets and web3 innovation.
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