Hong Kong Mortgage Corporation is considering raising HK$10–12 billion (US$1.5
billion) via its first digital bond sale, potentially the largest globally, as
Hong Kong advances its digital asset hub ambitions. The multi-tranche issuance,
possibly launching next month, may be denominated in HKD and offshore yuan, with
terms still under discussion. Digital (tokenized) bonds, using blockchain for
issuance and settlement, are gaining traction in Asia, supported by policy
momentum in both Hong Kong and the U.S. under Donald Trump. They offer faster
settlement and lower costs versus conventional bonds.