Hong Kong Unveils Plans for Digital Bond Platform and Crypto Rules

Hong Kong's Financial Secretary Paul Chan has announced plans to launch a digital bond platform in 2026, which will support the issuance and settlement of tokenized bonds. The new platform will be built and operated by CMU OmniClear Holdings, a subsidiary of the Hong Kong Monetary Authority.

The city is also progressing towards new guidelines for crypto trading platforms and custody, with a focus on expanding its asset classes and increasing liquidity. Stablecoin issuers are expected to receive approval first, with licensed issuers encouraged to explore practical use cases within clear risk limits.

Hong Kong has already taken early steps in this area, having completed several tokenized bond issuances in recent years. The government plans to align its tax and compliance regulations with global standards, including the OECD's Crypto Asset Reporting Framework and updated Common Reporting Standard.