The Hong Kong government has issued its first tokenized green bond, worth HKD 800 million ($101 million), as part of its Green Bond Program.
It is the first green bond to be issued by a government globally and is designed to finance eco-friendly projects. The bond will be sold digitally using blockchain technology, and its lifecycle processes will be digitalized.
The bond, which will yield 4.05% for 365 days, will be offered through a private blockchain network, in collaboration with Bank of China (Hong Kong), Crédit Agricole CIB, and HSBC, with Goldman Sachs serving as the platform provider.
The bond is not for distribution in the U.S., Canada, Japan, or any other prohibited jurisdiction. The initiative is a clear demonstration of Hong Kong’s commitment to promoting sustainable and responsible development in the virtual assets sector.
