Hong Kong Mortgage-Backed Securities plans to use blockchain technology to issue the world's largest digital bond, raising up to 12 billion Hong Kong dollars.

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ME News Report, April 8 (UTC+8), Hong Kong government-owned financial institution Hong Kong Mortgage Corp. is considering issuing its first digital bond, aiming to raise approximately HKD 10 billion to 12 billion. If the upper limit is reached, it will become the world’s largest digital bond issuance. The multi-term bonds are planned to be denominated in Hong Kong dollars and offshore RMB, with market sales expected as early as next month. The specific terms are still under negotiation. The report indicates that this move aligns with Hong Kong’s policy direction to promote the normalization of digital assets and tokenized bond issuance. The related digital bonds will be issued, traded, and settled via blockchain to shorten settlement cycles and reduce operational costs. (Source: PANews)

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