HKMA subsidises tokenised bond issuances
Issuers can receive up to HK$2.5 million each for maximum of two issuances
The Hong Kong Monetary Authority (HKMA) has launched a scheme to subsidise companies that issue tokenised bonds.
Under the digital bond grant scheme, issuers will receive a maximum of HK$2.5 million ($321,000) for each eligible digital bond issuance in Hong Kong, the territory’s de facto central bank announced on November 28.
The authority said the scheme aimed to promote the development of a digital securities market and encourage broader adoption of tokenisation technology in capital markets
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