According to the Hong Kong Monetary Authority, the bond was underwritten by four banks, two of which also acted as investor custodians.
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China announced on Feb 16 that it had issued HK$800 million in tokenized green bonds, under the Government's Green Bond Program . The bonds were underwritten by four banks and priced at a yield of 4.05%.
Tokenization, the process of representing assets or securities as digital tokens, is a relatively new concept in the financial world. By using blockchain technology to create digital tokens, issuers can provide more transparency, efficiency, and accessibility in the issuance and trading of securities.
Financial Secretary Paul Chan noted that the successful issuance of tokenized green bonds marks a milestone for Hong Kong. He shared: “Hong Kong has been actively promoting the application of innovative technologies in the financial sector, actively exploring new concepts and technologies to improve the efficiency, transparency, and security of financial transactions."
The successful issuance of the tokenized green bond highlights the growing adoption of blockchain technology in the financial industry and marks an important step towards the development of sustainable finance globally.
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