Hong Kong Central Bank to Subsidize Companies Issuing Tokenized Bonds

Hong Kong Monetary Authority (HKMA), Hong Kong's central bank, has launched a program to subsidize part of the cost of issuing tokenized bonds in order to encourage more tokenization in its capital markets.

According to a statement on November 28th and its accompanying guidelines, the HKMA's Digital Bond Grant Scheme (DBGS) will provide up to 50% subsidy for each eligible digital bond issuance, but the maximum amount is limited.

The HKMA said in a statement: "DBGS aims to promote the development of the digital securities market and encourage wider adoption of tokenization technology in capital market transactions."

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