Hong Kong boosts tokenization with $2B bonds, stablecoin licenses
Hong Kong recorded more than US$2 billion in tokenized green and infrastructure bonds and introduced licenses for stablecoin issuers, Financial Secretary Paul Chan said.
At the Hong Kong Web3 Festival 2026 on April 20, Financial Secretary Paul Chan said the city has recorded more than US$2 billion in tokenized green and infrastructure bond issuances and has introduced licenses for stablecoin issuers.
Chan described tokenization and stablecoins as parts of the city’s financial infrastructure and said digital assets can improve market efficiency and broaden investor access.
Web3, tokenization and AI are now becoming important building blocks for the future of mainstream finance. Our doors are open to Web3 entrepreneurs and institutions worldwide who want to build and scale their business here.
He pointed to multiple rounds of tokenized green and infrastructure bonds totaling over US$2 billion as examples of practical use. Authorities have regularized these issuances within existing market rules, and officials reported faster settlement times and wider investor reach in those transactions.
On stablecoins, Chan noted the city has introduced a licensing regime for issuers to set clearer standards for digital payment and settlement tools. Regulators plan a controlled approach that includes pilot projects and structured programs to test applications such as cross-border payments and other financial services. Earlier this month, Hong Kong granted its first stablecoin licenses to Anchorpoint and HSBC.
Tokenization converts traditional assets into digital tokens on a blockchain to shorten settlement times and allow more investors to take part. Stablecoins are digital tokens designed to hold a stable value, typically pegged to a fiat currency, and are used for payments and settlement in crypto markets.
Officials said the new rules and program designs aim to bring tokenization and stablecoins into regulated markets while managing risks through oversight and testing. Chan added, “We are determined to drive more innovative use cases in tokenization.”
The announcements form part of Hong Kong’s ongoing work to integrate blockchain-based products into fundraising, investor access and cross-border transactions. The Financial Secretary urged firms to consider building or expanding operations in the city under the updated regulatory framework.
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