Hong Kong will establish a digital bond issuance platform and connect to a regional tokenization hub to promote bond settlement on core infrastructure

Hong Kong to Launch New Digital Asset Platform in 2026, Integrate Tokenized Bonds into Core Financial Infrastructure Hong Kong will establish a new digital asset platform this year (2026) to support the issuance and settlement of tokenized bonds, with plans to expand to other digital asset categories over time, according to Financial Secretary Paul Chan’s 2026–27 Budget speech delivered on February 25. The platform will be developed by CMU OmniClear Holdings, a subsidiary of the Hong Kong Monetary Authority (HKMA), and will connect with other tokenization platforms in the region—strengthening Hong Kong’s status as a digital asset hub. Hong Kong has already completed multiple government tokenized bond issuances. Secretary for Financial Services and the Treasury Christopher Hui noted that the third batch of tokenized government bonds, totaling 10 billion Hong Kong dollars (roughly $1.28 billion USD), was issued in Q4 2025, with regular issuances to continue going forward. This infrastructure upgrade marks the formal integration of tokenized bond settlement into the HKMA’s post-trade system, moving from the pilot phase to systematic integration. Additionally, the Hong Kong Securities and Futures Commission (SFC) previously allowed licensed brokerages to offer digital asset margin financing and crypto perpetual contract services to professional investors, with regulatory focus on boosting market liquidity while enhancing risk controls. The overall policy direction shows Hong Kong is embedding tokenization and digital asset infrastructure into the core framework of its mainstream financial system.