Alan AU: Hong Kong Tokenized Green Bond Settlement Cycle Shortened to T+1, Hoping for Widespread Adoption

BlockBeats News, July 7th: The Financial Secretary of Hong Kong, Paul Chan, stated that the settlement cycle for the government-issued tokenized green bond has been shortened from the 5th trading day after the trade date (T+5) to T+1. Tokenization has increased the speed of fund transfers and transaction efficiency. Digital assets and their blockchain technology can reduce transaction friction costs. Tokenization can enhance the speed of fund transfers and transaction efficiency, and it is hoped that it will be widely utilized and integrated with the real economy.