Hong Kong is set to issue its third series of government-backed green bonds, leveraging HSBC’s digital infrastructure to further its green finance strategy. The proceeds from the sale are earmarked for environmental and climate-focused initiatives. This offering marks the city’s third digital bond sale since the initiative began in 2023.
Fostering a Tokenized Asset Hub
This initiative is a key part of Hong Kong’s broader strategy to expand its tokenized asset ecosystem by combining government support with private sector innovation. To date, corporations in Hong Kong have raised a combined $1 billion through at least six blockchain-based bond offerings. Recent participants in this space include Shenzhen Futian Investment Holdings and Shandong Hi-Speed Holdings Group.
To accelerate this trend, the Hong Kong Monetary Authority launched the Digital Bond Grant Scheme last year. The program subsidizes up to 50% of the eligible costs for companies issuing tokenized bonds, reinforcing the region’s commitment to becoming a leader in digital finance.