BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Hong Kong Central Bank Launches Tokenized Bond Subsidy Program

by Dan K
Nov 29, 2024 - 11:55 pm
in Blockchain
A view of Hong Kong's skyline with digital financial data overlay, symbolizing tokenized bonds and digital finance advancements.

Boosting Tokenized Bond Issuance

Hong Kong Monetary Authority has announced a subsidy program, namely Digital Bond Grant Scheme, to help with the issuance cost of tokenized bonds. This program targets accelerating the adoption of tokenization in financial markets. This is part of the wider strategy of Hong Kong in strengthening its position as a global leader in digital finance and securities.
Program Details

DBGS grants a subsidy of as much as 50% of eligible expenses for the issuance of tokenized bonds, with the total not to exceed $321,184 (HK$2.5 million) per grant, and not more than two grants can be allowed in the first three years.

Subsidy Tiers

Half Grant: For those bonds that are issued digitally on a platform operated or designated by the CMU in Hong Kong, firms must be substantially present in the region.

Full Grant: Applies to bond issuance of at least $128.5 million with five or more investors. These bonds need to be listed in the Stock Exchange of Hong Kong or a platform licensed under the city’s financial regulator.

Strategic Focus on Tokenization

It stems from an HKMA’s research project-Project Evergreen that was initiated in 2021 for the study of the use of DLT in the financial markets. Eddie Yue, chief executive at HKMA, reiterated that financial incentives are imperative to overcome such persistent hurdles for issuers while adopting tokenized bonds.
According to Yue, tokenization has been gaining significant momentum with global issuances exceeding US$10 billion in notional value over the last decade. Still, its adoption remains nascent, which motivated the HKMA to implement the DBGS to spur more market participants.

Hong Kong’s Momentum in Digital Finance

The program builds on Hong Kong’s success in February 2023 when the government issued $100 million in tokenized green bonds under its Green Bond Programme. This milestone highlighted the city’s capability in digital bond issuance and its commitment to integrating sustainability with innovation.
Crypto Tax Exemptions Under Consideration

It also considers exempting hedge funds, private equity, and family investment vehicles from crypto taxes in a complementary move. This six-week consultation paper aims to attract global investors to further establish Hong Kong as a leading crypto hub.
With initiatives like the DBGS and proposed tax reforms, Hong Kong is positioning itself as a pioneering force in digital finance, fostering innovation and cementing its role as a global financial leader.

Tags: CryptocurrencyHongKongRegulation
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service