21 Finance: Hong Kong will provide guidance to clarify the register of bondholders available on distributed ledger storage

robot
Abstract generation in progress

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)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)