Hong Kong Ramps Up Tokenisation in Financial Markets

After the success of its tokenised green bonds, the Hong Kong Monetary Authority has released a detailed paper 'Bond tokenisation in Hong Kong' that sets out policy design considerations based on its experience and the latest developments in the industry.

Whilst is may be rhetoric, it is certain many in the industry are comforted and attracted to the recent statement by Hong Kong’s Financial Services and the Treasury Bureau: “Hong Kong is open and inclusive towards the global community of innovators engaging in [Virtual Asset] businesses.  We applaud the achievements of the community in pioneering distributed ledger technologies.”

Australia is clearly a follower in many realms of finance. Should our regulators look to Hong Kong rather than USA and UK for leadership? 
Hall Chadwick is certainly looking at Hong Kong for client projects.