The Hong Kong authorities announced the successful placement of tokenized “green” bonds. These are securities issued to attract investment in environmental projects. Hong Kong was the first in the world to place such bonds.
The Hong Kong Monetary Authority announced the successful placement of tokenized “green” government bonds. The placement amount was HK$800 million, or approximately $101.7 million, and the tokens were issued on a private blockchain.
So-called green bonds are issued to attract investment in environmental projects. The tokenization of such securities is a pilot project of the Hong Kong authorities in the virtual asset market. The yield of the bonds is 4.05% per year, the maturity is one year.
Earlier, the Hong Kong authorities, after talks with representatives of 58 companies, decided to introduce compulsory licenses of stablecoins, currencies whose peg to the fiat rate is provided by algorithms, and not by means that exist in the real world.
Author:
Kirill Bilyk
Source: RB
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