Hong Kong Monetary Authority: Existing Legal and Regulatory Systems May Need To Be Adjusted To Promote Bond Tokenization

08/25 02:40

The Hong Kong Monetary Authority stated that although the global issuance of tokenized bonds has continued to grow in recent years, reaching $3.9 billion by the end of March, the tokenization of bonds is still in its early stages and faces many challenges in becoming mainstream. Financial institutions are introducing their own tokenization solutions, and the key will be how to connect and interact with traditional systems and avoid market fragmentation. The report released by the Hong Kong Monetary Authority regarding the tokenization of the bond market in Hong Kong believes that existing laws and regulatory systems may need to be adjusted to adapt to and promote relevant technological applications.
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