Ryan Li

A licensing scheme for stablecoin issuers in Hong Kong is expected to be introduced later this year.

The facility will support the Mongolian bank's green loan activities, targeting MSMEs and retail customers; meanwhile, billions of dollars of financing are needed in Mongolia to hit SDG goals.

The fund will also be the first retail tokenised fund across Asia Pacific.

Reporting tokens will help with digital and tokenised green bonds, hopefully increasing investor confidence in the space. MAS, the NUS, UOB and Northern Trust’s Matrix Zenith are involved.

BoCom becomes the first Chinese financial institution to issue a digitally native bond in Hong Kong with a $300m floating rate offering.

DLT’s potential to drive transaction efficiency is more widely acknowledged, while some crypto native players are looking to tap into traditional financial products; however, Apac’s regulatory framework is fragmented.

The state-backed conglomerate's move should pave the way for future corporate issuances in 2025, which could make use of the HKMA’s grant scheme.

A clearer pathway from regulators is needed for transition finance to build scale.

The HKMA has launched a grant scheme of up to HK$2.5m for future digital bond issuances, which is the SAR’s latest move to build its virtual asset ecosystem.

Asset managers share the view that despite a strong base for the US economy, Trump’s actual tariff and immigration policies after he assumes office will be key.