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ARTICLE · 27 JANUARY 2025

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Hong Kong's Security Tokenization Support Initiative – A Subsidy Program

K&L Gates
K&L Gates
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Recently, Hong Kong Monetary Authority (HKMA) initiated accepting applications for Digital Bond Grant Scheme (the Grant Scheme) to financially support digital bond issuers for the duration of three

Hong KongTechnology
K&L Gates
K&L Gates
Natalie Chow
Natalie Chow
Alvin Lam
Alvin Lam

Recently, Hong Kong Monetary Authority (HKMA) initiated accepting applications for Digital Bond Grant Scheme (the Grant Scheme) to financially support digital bond issuers for the duration of three years. The Grant Scheme aims to encourage broader adoption of "tokenization technology" in capital markets and foster the development of digital securities markets in Hong Kong.

"Digital bond" is defined as a bond that utilizes distributed ledger technology (DLT) to digitally represent ownership, which may encompass legal titles and/or beneficial interests in the bond. Each eligible issuer, including its associates, may receive subsidies under the Grant Scheme for a maximum of two digital bond issuances.

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