According to TechFlow, on October 30, the Hong Kong Monetary Authority (HKMA) announced that it would cooperate with the central banks of Brazil and Thailand to carry out cross-border tokenized transactions, including atomic settlement (DvP) and wholesale CBDC (PvP) of digital asset transactions.

It is reported that Hong Kong has previously issued two tokenized government green bonds, of which the second is a native digital bond with a total amount of more than US$750 million, involving multiple currencies. It once became the largest digital bond, but was later surpassed by two issuances of the German Development Bank (KfW).

In order to promote Hong Kong as a tokenized place, the Hong Kong Monetary Authority plans to issue guidelines for the digital bond subsidy program in the near future, which will provide a subsidy of up to HK$2.5 million for each qualified digital bond issuance.