The Hong Kong Monetary Authority (HKMA) has released a report detailing its blockchain bond issuance project “Project Evergreen” and exploring the potential for tokenized bonds more broadly in Hong Kong, Ledger Insights reports.
In his foreword to the report, HKMA chief executive Eddie Yue said the bond issuance demonstrated how DLT could “enhance the efficiency, liquidity and transparency of the bond market”. Referring to the proliferation of DLT bond issuance platforms, he said: “It will be critical to consider how different solutions connect and interact with each other, and how traditional systems can avoid fragmentation.”