The Hong Kong Monetary Authority (HKMA) is introducing financial incentives to promote the adoption of tokenised bonds. Through the Digital Bond Grant Scheme, grants of up to HK$2.5 million will be offered to eligible issuers, aiming to reduce costs and drive innovation in Hong Kong's financial sector. Tokenised bonds have shown benefits like cost savings and efficiency improvements, attracting interest globally. The HKMA's initiative seeks to position Hong Kong as a leader in blockchain-based finance by subsidising companies venturing into tokenised bond issuance. By offsetting initial costs and promoting transparency, the scheme aims to stimulate market growth and attract international investors. Despite challenges such as regulatory uncertainties, the HKMA plans to collaborate with other regulators and invest in education programs to support the ecosystem. This move underscores Hong Kong's commitment to financial modernisation and global competitiveness. Read more AI-generated news on: https://app.chaingpt.org/news