Global nations have been eyeing the cryptocurrency realm as the popularity of digital assets has been on the rise. With 2023 beginning on a positive note and prices on the rise, countries around the world are secretly trying to establish themselves as cryptocurrency hubs.
Hong Kong is definitely not behind. It recently welcomed its first Bitcoin ETF in December 2022. Interactive Brokers also launched Bitcoin and Ethereum trading in Hong Kong. The special administrative region of the People’s Republic of China has announced the successful offering of tokenized green bonds worth HK$800 million ($101 million). This is according to the details from a recent press release.
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Hong Kong’s tokenized green bond is the first one issued by a government globally
The green bond is being offered by the Hong Kong government under its Green Bond Program. It is also the first green bond to be released by a global government.
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“Hong Kong has been proactively promoting the application of innovative technologies in the financial field, and is actively exploring new concepts and technologies to enhance the efficiency, transparency, and security of financial transactions.” “The HKSAR Government will continue to promote the innovative development of the financial market,” said Mr. Paul Chan, the Financial Secretary.