Hong Kong Issues More Than $2 Billion in Tokenized Bonds, Accelerates Web3 Finance Push

Minseung Kang

Summary

Hong Kong said it has issued more than $2 billion in tokenized bonds to date, moving beyond the experimental stage and into institutionalization.
Hong Kong said it expanded the market through tokenized green government bonds, multicurrency digital bonds and a large-scale issuance of about $1 billion, while cutting settlement times from T+5 to T+1.
A consortium of HSBC and Standard Chartered secured the first license under Hong Kong's stablecoin framework, helping the city position itself as a regulated digital finance hub.

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Hong Kong is accelerating its buildout of digital financial infrastructure through tokenized bond issuance and the introduction of a stablecoin regime.

Crypto media outlet Katena reported on April 27 that Hong Kong has issued more than $2 billion of tokenized bonds to date, moving beyond the experimental stage and into institutionalization.

Hong Kong Financial Secretary Paul Chan said at the recent Hong Kong Web3 Festival 2026 that digital assets are no longer an experiment but financial infrastructure. He identified tokenization, stablecoins and artificial intelligence as core financial technologies.

Hong Kong has expanded the market since issuing its first tokenized green government bond in 2023. It followed with a multicurrency digital bond in 2024 and a large-scale issuance of about $1 billion in 2025. The city also shortened settlement times to T+1 from T+5, underscoring efficiency gains.

The Hong Kong Monetary Authority is developing a dedicated digital platform called CMU OmniClear for tokenized bond issuance and settlement. The platform is set to expand later to a broader range of digital assets.

Hong Kong has introduced its stablecoin framework in parallel. A consortium of HSBC and Standard Chartered has secured the first license, allowing stablecoins to be issued and operated in a regulated environment.

Katena said the combination of tokenized bonds, settlement infrastructure and stablecoins is helping Hong Kong establish itself as a regulated digital finance hub.