365Crypto
Hong Kong is going big on tokenized bonds. The government is preparing its third batch of tokenized green bonds as part of a bold push to lead Asia’s crypto finance space.
Next Bond Sale Incoming
Christopher Hui, Secretary for Financial Services and the Treasury, announced the new bond sale at the 2025 Digital Finance Awards. The previous two tokenized bond sales happened in 2023 and 2024 and were considered successful.
These bonds use blockchain tech, specifically distributed ledgers, to record and settle transactions.
Bonds Could Become Routine
Hui said tokenized bonds may become a regular part of Hong Kong’s strategy. The government may even add tax breaks, like removing stamp duties for tokenized ETF transfers.
Big Picture: A Digital Asset Vision
This move is part of Hong Kong’s bigger plan for crypto and blockchain. Its new strategy, called “Digital Asset Development Policy 2.0,” sets out a roadmap for crypto adoption.
The plan includes rules for stablecoins, support for asset tokenization, and a focus on real-world use cases. They also want to grow talent in the space.
Starting August 1, any company issuing stablecoins will need a license.
Public Input and New Indexes
Hong Kong is asking the public to weigh in on new rules for trading platforms and digital asset custodians. This consultation runs through August.
Meanwhile, HKEX just launched new indexes to track Bitcoin and Ethereum prices during Asian hours — giving investors solid reference points.
Derivatives and Staking Coming Up
Last month, Hong Kong also announced plans to allow derivatives trading for crypto assets. This is mainly for pro investors.
Earlier this year, regulators greenlit spot ETFs and staking services, including HashKey’s approval to offer staking. That’s another step toward becoming a global Web3 hub.
