The Hong Kong Special Administrative Region (SAR) of the People’s Republic of China has raised over $100 million through the sale of digital green bonds, marking the first time a government has issued a tokenized green bond.
The announcement was made by the Hong Kong government on Thursday, as part of its efforts to expand the use of blockchain technology in the financial sector.
To sell the bonds, the Hong Kong government appointed several major banks, including Bank of China, Credit Agricole, Goldman Sachs, and HSBC, to act as joint global coordinators, joint lead managers, and joint book runners.
The Central Moneymarkets Unit (CMU) of the Hong Kong Monetary Authority (HKMA) used a distributed ledger technology (DLT)-based platform developed by Goldman Sachs for the bond’s clearing and settlement system.
The HKMA said in a press release that the …
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