Hong Kong Monetary Authority Set to Launch Second Tokenized Green Bond in Coming Months The Hong Kong Monetary Authority (HKMA) is gearing up to introduce its second tokenized green bond, expected to be unveiled within the next few months. The government authority aims to leverage blockchain technology for increased efficiency and transparency in the redemption process, according to a report from Chinese newspaper Ming Pao.
Per the report, HKMA Chief Executive Yu Weiman disclosed plans for the upcoming “Green Finance Week” in February 2024.
The event aims to facilitate discussions on green financial transformation, with a primary focus on organizing a global climate business forum in collaboration with the International Finance Corporation under the World Bank.
Weiman emphasized the intention to strengthen Hong Kong’s green brand on a global scale during Green Finance Week. Multiple financial institutions are set to host green finance activities, with the objective of enhancing Hong Kong’s reputation in the field.
