After the success of its tokenised green bonds, the Hong Kong Monetary Authority has released a detailed paper ‘Bond tokenisation in Hong Kong’ that sets out policy design considerations based on its experience and the latest developments in the industry.
Whilst is may be rhetoric, it is certain many in the industry are comforted and attracted to the recent statement by Hong Kong’s Financial Services and the Treasury Bureau: “Hong Kong is open and inclusive towards the global community of innovators engaging in [Virtual Asset] businesses. We applaud the achievements of the community in pioneering distributed ledger technologies.”
Australia is clearly a follower in many realms of finance. Should our regulators look to Hong Kong rather than USA and UK for leadership?
Hall Chadwick is certainly looking at Hong Kong for client projects.
Click the link to read the press release and the full Bond Tokenisation in Hong Kong report by the Hong Kong Monetary Authority.
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Disclaimer: This is not advice. You should not act solely on the basis of the material contained in this post. These are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of these areas.
