Hong Kong Successfully Offered Inaugural $100M Tokenized Green Bond

Hong Kong’s government successfully issued its first tokenized green bond of 800 million Hong Kong dollars ($100 million), according to a announcement on Thursday.

The bond was offered by the government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR) under its Green Bond Program, and is the first green bond to be issued by a government globally, the announcement by the Hong Kong Monetary Authority said.

«Processes of the bond lifecycle, including coupon payment, settlement of secondary trading and maturity redemption, will also be digitalized and performed on the private blockchain network,» the government said.

The Hong Kong Monetary Authority had been looking into tokenized green bond issuance since at least 2021. Green bonds are issued to finance eco-friendly projects, while tokenization allows the bonds to be sold digitally and with ease.

Read more: BIS and Hong Kong will Tokenize Green Bonds

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