Hong Kong2026.10.03TokenPost

Hong Kong's HK$20 Billion Digital Bond Settled Using Tokenized Deposits

• Hong Kong government confirmed final terms on September 29 for a ~HK$20 billion multi-currency digital green bond: HK$5.5B, RMB 7.5B, US$200M (~KRW 269.4B), and EUR 450M.
• This is Hong Kong's fourth digital bond issuance since 2023 and is described as the world's largest to date, with subscription rates of 1.3x–11.3x across currencies; HK dollar tokenized deposits were used for settlement for the first time.
• Open Standard separately launched OUSD, a US dollar stablecoin aimed at enterprise use.