Hong Kong's central bank is rolling out the red carpet for tokenized bonds with its new Digital Bond Grant Scheme (DBGS)! 🎉 The HKMA will cover up to 50% of eligible expenses for digital bond issuers, with a cap of $321,184. It's like a BOGO sale, but for bonds!
- The scheme kicks off on Nov. 28 and runs for three years.
- To qualify, bonds must be issued digitally in Hong Kong.
- Full grants require a minimum issuance size of $128.5 million.
Meanwhile, Hong Kong is considering crypto tax breaks to boost its status as a crypto hub. 💰
What do you think about this tokenization trend? Comment below!