2 years ago
The authorities of Hong Kong has announced the palmy merchantability of the world’s archetypal tokenized greenish bonds worthy astir HK$800 cardinal ($102 million).
The Hong Kong Monetary Authority (HKMA) launched the authorities greenish enslaved programme and leveraged the Goldman Sachs tokenization level (GSDAP) to tokenize the assets connected a backstage blockchain.
The tokenized bonds are expected to little the enslaved issuance and colony costs and bring much transparency to the enslaved market.
The authorities said connected Feb. 16 that it partnered with the Bank of China, HSBC, Credit Agricole, and Goldman Sachs to implicit the issuance of its archetypal tokenized greenish bond.
The authorities disclosed that it raised astir HK$800 cardinal (US$102 million) from the enslaved merchantability — which was settled done the HKMA CMU Central Moneymarkets Unit (CMU). The greenish bonds were issued with an yearly output of 4.05%.
Hong Kong Financial Secretary Paul Chain said that the palmy issuance of tokenized greenish bonds marks the government’s committedness to promoting innovation successful the fiscal market.
Meanwhile, Hong Kong is connected the way to becoming a prime destination for crypto innovation. The authorities is reportedly moving to legalize crypto trading from June 1.
The station Hong Kong scores archetypal HK$800M issuance of tokenized greenish bonds appeared archetypal connected CryptoSlate.
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