Tokenized Green Bond
HSBC Orion: Digital Bond Tokenization Platform
HSBC Orion issued the world's first government tokenized bond via distributed ledger — a HK$1B green bond in February 2023 — and has continued digital bond and structured product issuances.
SFC Hong Kong: VASP Licensing and Tokenization Framework
The SFC's mandatory VASP licensing regime (June 2023) and its November 2023 tokenization circular have established Hong Kong as Asia's leading regulated market for tokenized securities and institutional crypto trading.