Techub News reports, citing sources familiar with the matter, that Hong Kong Mortgage Corporation plans to raise up to HKD 12 billion (approximately USD 1.5 billion) through its first issuance of digital bonds, potentially becoming the largest such bond issuance in history worldwide. Hong Kong Mortgage Corporation is a financial services provider owned by the Hong Kong government, with total assets of about HKD 221.8 billion.



Sources revealed that Hong Kong Mortgage Corporation is expected to begin promoting multi-currency digital bonds denominated in Hong Kong dollars and offshore RMB as early as next month. Using blockchain technology in the issuance, trading, and settlement processes for this debt instrument not only shortens settlement times and reduces costs but also accelerates scalability.
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