According to a press release from the Hong Kong Special Administrative Region (HKSAR) Government, Hong Kong Mortgage Corporation Limited announced the first issuance of public digital bonds totaling HKD 12 billion, including three tranches of HKD 6 billion for two-year bonds, HKD 2.5 billion for five-year bonds, and RMB 3 billion for three-year bonds. The five-year Hong Kong dollar bonds issued are the longest-maturity Hong Kong dollar digital bonds ever issued, setting a new benchmark for the Hong Kong dollar bond market. It is understood that this issuance transaction is the largest digital bond issuance globally to date, and the mortgage corporation has also become the first public-sector institution in Hong Kong to issue digital bonds. The bonds will be generated on a distributed ledger technology platform operated by the Central Securities Depository system, which also serves as the settlement and delivery system for digital bonds.