- The Hong Kong Monetary Authority (HKMA) has released a report on bond tokenization in Hong Kong.

- The report highlights Hong Kong's initial experience with #tokenized green bonds, emphasizing that this technology is still in its early phases and faces several obstacles before widespread adoption.

- Challenges include addressing legal and regulatory frameworks to support the technology's growth.

- The HKMA plans to work with the government and stakeholders to resolve these challenges and enhance the ecosystem for broader tokenization adoption.

- The Evergreen project led to quicker settlement dates for bonds, reducing it from 'T+5' or 'T+7' to 'T+1'.

- This faster settlement could set an example for similar future projects, attracting more banks to issue bonds in Hong Kong.

- The HKMA's Xu Huaizhi envisions bonds being issued through distributed #ledger technology (DLT) occasionally, with the ultimate goal of issuing retail bonds.

- However, initial issuance of bonds via #DLT might be smaller than green bonds, with room for scaling up in the future.