Odaily Planet Daily News The Hong Kong Monetary Authority (HKMA) has launched a program to subsidize part of the cost of issuing tokenized bonds, aiming to encourage greater adoption of tokenization in its capital markets. According to a November 28 statement and its accompanying guidelines, the Hong Kong Monetary Authority's Digital Bond Subsidy Scheme (DBGS) will subsidize up to 50% of "qualified expenses" for each eligible digital bond issuance, but the maximum amount shall not exceed a certain amount. "DBGS aims to promote the development of the digital securities market and encourage the wider adoption of tokenization technology in capital market transactions," the Hong Kong Monetary Authority said in a statement.