TechFlow News, October 30 — The Hong Kong Monetary Authority (HKMA) announced its collaboration with the central banks of Brazil and Thailand on cross-border tokenized transactions, including Delivery versus Payment (DvP) for digital asset settlements and Payment versus Payment (PvP) using wholesale central bank digital currencies (CBDCs).
Previously, Hong Kong issued two tokenized government green bonds, with the second being a natively digital bond totaling over USD 750 million across multiple currencies. This briefly made it the world's largest digital bond issuance, until surpassed by two subsequent issuances from Germany’s KfW.
To strengthen Hong Kong’s position as a tokenization hub, the HKMA plans to release guidance for its digital bond subsidy scheme shortly, offering subsidies of up to HKD 2.5 million per eligible digital bond issuance.
