Hong Kong will build a digital bond platform and connect with regional tokenization hubs to promote bond settlement as part of the core infrastructure.

BlockBeats News, February 25 — Hong Kong will establish a new digital asset platform this year to support the issuance and settlement of tokenized bonds, gradually expanding to other digital asset categories. Hong Kong Financial Secretary Paul Chan stated in the 2026–27 fiscal budget that the platform will be built by CMU OmniClear Holdings, a subsidiary of the Hong Kong Monetary Authority (HKMA), and will interconnect with other tokenization platforms in the region to strengthen Hong Kong’s position as a digital asset hub.

Currently, Hong Kong has completed multiple issuances of government tokenized bonds. Chan Mow Po revealed that the third batch of tokenized government bonds was issued in Q4 2025, totaling HKD 10 billion (approximately USD 1.28 billion), with ongoing regular issuances planned. This infrastructure upgrade means that the settlement of tokenized bonds will officially be integrated into the HKMA’s post-trade system, moving from pilot phase to systematic integration.

Additionally, the Hong Kong Securities and Futures Commission previously allowed licensed brokers to provide digital asset margin financing and perpetual crypto contracts for professional investors. Regulators emphasized that market liquidity will be enhanced under strengthened risk controls. Overall, the policy direction indicates that Hong Kong is integrating tokenization and digital asset infrastructure into the core framework of its mainstream financial system.

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