Hong Kong to Launch Third Tokenised Bond With Zero Stamp Duty on ETFs
2025-07-05 11:15:10
Main Idea
Hong Kong is advancing its Web3 strategy by issuing tokenized bonds and exempting stamp duty for tokenized ETFs, aiming to enhance liquidity and attract global investors while navigating regulatory challenges.
Key Points
1. Hong Kong launched 'Project Genesis' in 2021, issuing its first tokenized green bond worth HK$800 million in February 2023 and a multi-currency digital bond totaling HK$6 billion in February 2024.
2. The third tokenized bond initiative enables fractional ownership and 24/7 trading, improving liquidity for traditionally illiquid assets.
3. Stamp duty exemption for tokenized ETFs provides a financial incentive for investors.
4. Hong Kong faces challenges such as integrating blockchain with traditional finance, ensuring regulatory compliance (KYC/AML), and managing risks in the digital asset space.
5. The strategy aims to position Hong Kong as a global hub for digital finance and Web3 innovation.
Description
The post Hong Kong to Launch Third Tokenised Bond With Zero Stamp Duty on ETFs appeared first on Coinpedia Fintech News Hong Kong is going all-in on Web3 . After two successful tokenised green bond issuances, the city-state is preparing to roll out its third tokenised government bond — now with a stamp duty exemption for tokenised ETFs. This strategic move aims to solidify Hong Kong’s position as a global digital asset hub. At the same time, the city is actively exploring tokenisation of real-wo...
Latest News
- Cardano Hits 111 Million Transactions: Is ADA Gearing Up for Its Next Big Rally?2025-07-05 12:56:14
- Bitcoin Mega Whales Are Buying Again, BTC Price Eyeing $120k?2025-07-05 12:32:48
- Will BlackRock’s $100M Buy Propel Ethereum to $3,500?2025-07-05 12:20:58
- Singapore Slams Banks, Crypto as $3B Money Laundering Scandal Ends2025-07-05 12:09:36
- Bonk & Pepe Gain Momentum While Dogwifhat Drops—Is Memecoin Season Over or Just Beginning?2025-07-05 12:08:25