Hong Kong is accelerating its efforts to become a global hub for digital assets by marketing its third issuance of multi-currency digital bonds.
According to a Bloomberg report, this new series of "digitally native" bonds will be denominated in four currencies: US dollars, Hong Kong dollars, euros, and offshore yuan. The pricing for the deal was expected as early as Monday, according to sources.
A digital bond is a security issued and managed using blockchain technology for secure and transparent record-keeping of its details and ownership. These new multi-currency offerings could be issued on public blockchains like Ethereum or via Distributed Ledger Technology (DLT) platforms provided by major institutions such as HSBC or Goldman Sachs.
This move is a continuation of Hong Kong's established tokenized bond framework, building on the success of its second tokenized green bond in 2023. This effort solidifies the city's role as Asia's leading international bond issuance hub, a title it has held for nine years.
The news follows closely after Franklin Templeton launched Hong Kong's first tokenized money-market fund for institutional investors, further highlighting the city's commitment to leveraging blockchain for transparency and efficiency.
In addition to government offerings, Hong Kong-based corporations have already issued at least six digital notes, raising a total of $1 billion. The proposed digital notes have received an AA+ rating from S&P Global Ratings, contingent on a plan to shift the notes to traditional systems if any disruption occurs.
November 2025, Cryptoniteuae