Linklaters advised the joint lead managers and the fiscal agent on the successful offering of approximately HK$10bn multi-currency (comprising USD, Euro, HKD and RMB) digital green bonds by the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government) under the Government Sustainable Bond Programme.
The latest digital bond issuance by the HKSAR Government marks another milestone in its bond tokenisation journey, following its inaugural tokenised green bonds offering in 2023 and the first ever multi-currency digital green bonds issuance in 2024, both of which Linklaters had also advised on.
Michael Ng, partner at Linklaters, commented:
“We are honoured to have supported the HKSAR Government on this landmark transaction. The successful use of tokenised central bank money to settle government green and sustainable bonds sets a new benchmark for the commercial adoption of tokenisation in Asia. This project illustrates how robust digital asset solutions are accelerating market development and further establishing Hong Kong as a leading centre for asset digitalisation and green finance in the region.”
*HSBC Orion refers to the distributed ledger technology platform deployed by HSBC to the CMU as the platform operator for the purposes of, among other things, recording, clearing and settling the digital green bonds.
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