Regulation· ★★★· bullish·

Hong Kong prices $2.6B digital green bond with tokenized deposits

  • —Issue size is about HK$20 billion
  • —Tranches are denominated in HKD, CNY, USD and EUR
  • —HKD tranche settlement used tokenized deposits
  • —A November 2025 issue first integrated e-HKD and e-CNY settlement
Why it matters: The deal shows tokenized deposits and CBDC rails moving into sovereign debt issuance, setting a template for the tokenized RWA market.
Source: TokenPost