The Secretary for Financial Services and the Treasury, Christopher Hui, recently stated that the settlement cycle for tokenized green bonds issued by the government has been shortened from T+5 to T+1. He pointed out that tokenization not only accelerates the speed of capital flow but also enhances trading efficiency. Hui emphasized that digital assets and blockchain technology can help reduce transaction friction costs and expressed hope that these technologies will be widely applied to achieve integration with the real economy.
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The Secretary for Financial Services and the Treasury, Christopher Hui, recently stated that the settlement cycle for tokenized green bonds issued by the government has been shortened from T+5 to T+1. He pointed out that tokenization not only accelerates the speed of capital flow but also enhances trading efficiency. Hui emphasized that digital assets and blockchain technology can help reduce transaction friction costs and expressed hope that these technologies will be widely applied to achieve integration with the real economy.