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Blockchain-Based Securities Emerge in Hong Kong, Expanding Distributed Ledgers in Local Financial Markets

June 19 (Cointime) - New blockchain-based security products are emerging in Hong Kong, offering investors a way to tap into the city's growing Web3 industry that goes beyond cryptocurrencies.

With UBS and Bank of China's Hong Kong-based investment arm launching a blockchain-based structured note, and a government-backed green bond offered on a private blockchain platform from Goldman Sachs, these products reflect Hong Kong's interest in expanding its Web3 industry beyond just cryptocurrencies. The move is seen as a positive sign for Hong Kong's crypto ambitions and will help cement its image as a financial center that fosters a pro-blockchain ecosystem.

Hong Kong UBS
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