Hong Kong Sells $750 Million of Digital Green Bonds (1)

The government of Hong Kong sold $750 million of digital green bonds across four currencies as the city works to boost its role as a digital-asset hub.

Hong Kong issued the two-year tokenized notes in the offshore Chinese yuan, Hong Kong dollar, US dollar and euro. Coupons ranged from 2.9% to 4.625%.

The issuance will use HSBC Holdings Plc’s tokenization platform, HSBC Orion, according to people familiar with the matter who requested anonymity discussing private matters. Using blockchain-powered platforms, digital bonds can potentially offer quicker settlement as they bypass clearing systems. Coupon payments can also be made faster. ...