Regulation· ★★★★· bullish·

Hong Kong issues world's largest digital bond at $2.6 billion

  • —Issuance totals HK$20 billion, the largest digital bond on record
  • —Denominated in Hong Kong dollars, yuan, US dollars and euros
  • —Order book was oversubscribed 1.3 to 11.3 times
  • —First digital bond globally to settle an HKD tranche via tokenized deposits
Why it matters: The record sovereign tokenized issuance reinforces the shift of traditional finance onto blockchains and sets a template for other issuers.
Source: CoinDesk Japan
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