Hong Kong is launching its third tokenized green bond and introducing stamp duty relief for ETFs as part of a broader strategy to lead in digital finance. The initiative uses blockchain technology to improve transparency, speed, and liquidity in bond trading. Authorities are also exploring tokenization of real-world assets like metals and investment products.
To support this shift, Hong Kong has unveiled the LEAP framework, focusing on legal clarity, ecosystem growth, application development, and talent. Starting August 1, stablecoin issuers will require licenses, while the SFC and HKMA will oversee tokenized asset activities.
These moves align with global trends in regulated tokenized securities and position Hong Kong as a major hub for blockchain-based financial innovation.
