Hong Kong mulls green bond sale using blockchain
Hong Kong has reportedly hired a group of banks to help set up a digital hub to issue green bonds using blockchain technology. According to a Bloomberg report, the city is in talks with HSBC, Credit Agricole, Bank of China, Industrial and Commercial Bank of China and UBS to establish a group aimed at exploring the possibility of a multi-series fixed rate digital green bond issuance. As per sources close to the matter, Hong Kong is weighing issuing digital bonds on a distributed ledger developed by HSBC. The digital bonds are expected to be denominated in U.S. dollars, euros, offshore yuan and the Hong Kong dollar, with tenors of up to two years, Bloomberg’s sources added. You might also like: Hong Kong police investigates Hounax exchange for alleged rug pull With the latest move, Hong Kong is apparently looking for a new way to position itself as a leader in the digital asset space. In early December 2023, crypto.news reported that over 11% of the global venture ca...