Hong Kong's de facto central bank has formed an expert group to address legal and regulatory barriers for tokenized bonds. The initiative aims to encourage wider adoption by private issuers and advance the city's digital finance sector.

Hong Kong’s de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers. The Hong Kong Monetary Authority (HKMA) said on Friday it had established a Tokenised Bond Expert Group comprising 21 institutions spanning banks, law firms, market infrastructure providers and digital asset companies to support the development of the city’s...