Hong Kong is set to launch its third batch of tokenized green bonds as part of a comprehensive digital asset strategy to enhance its position in the crypto finance sector. At the Hong Kong Digital Finance Awards 2025, Secretary for Financial Services and the Treasury Christopher Hui revealed that this initiative builds on the prior successful issuances made in 2023 and 2024, utilizing distributed ledger technology for recording and settling the bonds. The government aims to make tokenized government bonds a regular part of its debt portfolio, considering tax incentives to boost adoption. Additionally, the region's Digital Asset Development Policy Declaration 2.0 outlines plans for regulating stablecoins and promoting broader asset tokenization. Starting August 1, a licensing regime for stablecoin issuers will be implemented, with public consultations ongoing regarding new licensing rules for digital asset trading platforms. Hong Kong Exchanges and Clearing has introduced digital asset indexes to attract institutional investors, providing price benchmarks for significant cryptocurrencies, while also enhancing the regulatory landscape to solidify the region's status as a global hub for digital finance.

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