Regulation· ★★★· bullish·

Hong Kong to pilot tokenization of Exchange Fund bills by end-2026

  • The Exchange Fund bill tokenization pilot is scheduled for completion by the end of 2026
  • The CMU will create a digital platform for issuing and settling digital bonds in 2026
  • Hong Kong accounts for about 50% of global digital bond issuance
  • Plans include refining crypto firm licensing and rules for tokenized products
Why it matters: Expanding tokenization of government debt and regulated stablecoins strengthens Hong Kong as an institutional crypto hub and sets a benchmark for other jurisdictions.
Source: ChainCatcher 链捕手