The Hong Kong Monetary Authority (HKMA) has launched a three-year grant scheme for digital bonds (DBGS) to encourage the issuance of tokenized bonds, offering financial incentives of up to HK$2.5 million (approximately $321,200) for eligible issuers 📈

This initiative aims to promote blockchain technology and strengthen Hong Kong's role in the digital securities market. The scheme is part of HKMA's efforts to implement blockchain following the launch of Project Ensemble, which tests tokenized real assets. This project has already successfully trialed the purchase of digital bonds and interbank settlements 🏦

It's interesting to consider whether the Hong Kong market will catch up with the Russian market for digital financial assets (CFA)? 🤔