BlockBeats News, November 29, the Hong Kong Monetary Authority (HKMA) today (November 28) launched the "Digital Bond Issuance Grant Scheme" (Grant Scheme) announced in the 2024 Policy Address.
The Grant Scheme aims to promote the development of the digital securities market and encourage wider adoption of tokenization technology in the capital markets. If they meet the eligibility requirements of the Grant Scheme, each digital bond issued in Hong Kong can receive a grant of up to HK$2.5 million.
After consulting the industry, the HKMA has set out the details of the Grant Scheme in the "Digital Bond Issuance Grant Scheme" Guide (English version only). The Grant Scheme is open for applications starting today and will initially run for a period of 3 years.
