Hong Kong is advancing its ambition to become a global hub for digital assets by preparing its third issuance of multi-currency digital bonds.
According to a news report by Bloomberg, the new set of “digitally native” bonds will be denominated in US dollars, Hong Kong dollars, euros, and offshore yuan. Sources familiar with the transaction suggest the deal could be priced as early as Monday.
This initiative marks the city’s latest effort to leverage blockchain technology for traditional finance. Digital bonds are securities issued and managed using blockchain, which provides a secure and transparent way to record bond details and ownership on a digital ledger.
The new offering of multi-currency digital bonds could potentially be issued on public blockchains like Ethereum or via private Distributed Ledger Technology (DLT) platforms offered by major financial institutions like HSBC Holdings or Goldman Sachs.
This announcement follows the recent launch of Hong Kong’s first tokenized money-market fund by global asset manager Franklin Templeton. The fund uses blockchain to boost transaction efficiency and transparency for institutional investors.
