TechFlow news: Following Societe Generale's issuance of the first green bond on Ethereum, the Hong Kong government has appointed five banks to explore a series of digital green bond sales.
According to sources familiar with the matter, Hong Kong has commissioned a working group comprising HSBC Holdings Plc, Credit Agricole CIB, Bank of China (Hong Kong), Industrial and Commercial Bank of China (Asia) Ltd., and UBS Group AG to study the possibility of issuing multiple series of fixed-rate digital local green bonds.
The natively digital notes will be recorded on a distributed ledger technology platform. These bonds could be denominated in US dollars, euros, offshore renminbi, and Hong Kong dollars, with maturities of up to two years.
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