Hong Kong central bank to subsidize companies issuing tokenized bonds

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), has launched a scheme to subsidize some of the costs of issuing tokenized bonds, aimed at encouraging more adoption of tokenization in its capital markets.

“The DBGS aims to promote the development of the digital securities market and encourage broader adoption of tokenization technology in capital market transactions,” HKMA said in a statement.