Hong Kong's Groundbreaking Digital Green Bond

Hong Kongs groundbreaking tokenized green bond offering, valued at around $1.3 billion, marks the first time a government globally has allowed settlement using digital fiat currencies. The Hong Kong Monetary Authority issued this bond in four parts using various currencies, with Hong Kong dollars and Chinese yuan parts settleable using their digital versions, e-HKD and e-CNY. This innovative move highlights Hong Kongs commitment to modernizing its financial infrastructure and could potentially change the global financial landscape. The bonds offer attractive returns and drew significant interest, with total demand exceeding $16 billion from international investors. The funds raised will support various green projects under the governments Green Bond Framework.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.