Odaily Planet Daily reports that to support the use of tokenization technology in the bond market, Hong Kong plans to provide guidelines to clarify that bondholder registers can be stored on distributed ledgers, and to explore electronic signing of issuance documents and promote the electronicization of bearer bonds. Zeng Gang, Chief Expert and Director of the Shanghai Financial and Development Laboratory, believes this is a key institutional breakthrough in Hong Kong’s promotion of the deep integration of digital currency and traditional finance. After the government provides guidelines, the registration records on distributed ledgers will have clear legal effect, equivalent to opening a “language converter” between traditional financial infrastructure and digital asset protocol layers, allowing institutions to confidently deploy related technologies within a compliance framework. (21 Finance)
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21 Finance: Hong Kong will provide guidance to clarify the register of bondholders available on distributed ledger storage
Odaily Planet Daily reports that to support the use of tokenization technology in the bond market, Hong Kong plans to provide guidelines to clarify that bondholder registers can be stored on distributed ledgers, and to explore electronic signing of issuance documents and promote the electronicization of bearer bonds. Zeng Gang, Chief Expert and Director of the Shanghai Financial and Development Laboratory, believes this is a key institutional breakthrough in Hong Kong’s promotion of the deep integration of digital currency and traditional finance. After the government provides guidelines, the registration records on distributed ledgers will have clear legal effect, equivalent to opening a “language converter” between traditional financial infrastructure and digital asset protocol layers, allowing institutions to confidently deploy related technologies within a compliance framework. (21 Finance)