Hong Kong’s Digital Bond Market Gains Steam With Fresh Offerings

A wave of so-called digital bond issuance in Hong Kong in recent days is showing rising appetite for the securities that use blockchain technology.

The Hong Kong government has appointed banks for a potential digital bond sale, said a person familiar with the matter on Thursday. If launched, it would mark their third such sale since 2023. The mandate came just a few days after two state-backed Chinese companies, Shenzhen Futian Investment Holdings and Shandong Hi-Speed Holdings Group priced similar notes in the city.

Digital bonds are debt instruments that utilize blockchain technology for their issuance, trading and settlement. The ...