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.

robot
Abstract generation in progress

ME News, on April 8 (UTC+8): Hong Kong Mortgage Corp., a financial institution wholly owned by the Hong Kong government, is considering issuing its first digital bond. It plans to raise approximately HKD 10 billion to 12 billion, and if the upper end is reached, it would become the largest digital bond issuance in the world by size. The multi-tranche bond is intended to be denominated in Hong Kong dollars and offshore Renminbi. The company expects to sell it to the market as early as next month, though the specific terms are still being discussed. The report says the move aligns with Hong Kong’s policy direction to promote the routine issuance of digital assets and tokenized bonds. The related digital bonds will be issued, traded, and settled via blockchain to shorten settlement cycles and reduce operating costs. (Source: PANews)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin