Hong Kong HKMA Forms Tokenized Bond Expert Group to Expand Digital Bond Market
Summary
- The Hong Kong Monetary Authority said it has formed a dedicated industry group of experts to help expand the market for tokenized bonds.
- The expert group will discuss policy, market practices and innovation related to the issuance and distribution of tokenized bonds.
- At its first meeting, the group discussed how Hong Kong’s legal and regulatory framework applies to the issuance and trading of tokenized bonds, with the results to be used as reference material for legal and institutional improvements.
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The Hong Kong Monetary Authority has formed a dedicated industry group of experts to help expand the market for tokenized bonds.
The HKMA said on June 5 on its website that it had established a Tokenized Bond Expert Group. The group includes representatives from industry associations, financial institutions, legal advisers, financial infrastructure providers and technology vendors. It will discuss policy, market practices and innovation tied to the issuance and distribution of tokenized bonds.
The authority held the group’s first meeting in May and gathered views on how Hong Kong’s existing legal and regulatory framework could be applied to the issuance and trading of tokenized bonds. The discussion will serve as reference material for the HKMA and the Financial Services and the Treasury Bureau as they review potential legal and regulatory changes.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
