Electronic bond trading platform to launch in H2

Hong Kong will also encourage more digital bond issuances.

Hong Kong will launch an electronic bond-trading platform in the second half of 2026 as well as continue issuing digital bonds.

The move is part of the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority's (HKMA) implementation of the roadmap for the development of fixed income and currency markets, announced in 2025, Financial Secretary Paul Chan said in the 2026-27 Budget Speech.

The government issued $10b in tokenized bonds in Q4 2025, which is the largest tokenized bond issuance in the world at the time, he said.

"The option to settle via tokenised central bank money also laid the foundation for future integration with other forms of digital money.  We will continue issuing tokenised bonds on a regular basis," Chan said.

The HKMA will also encourage more digital bond issuances in the city through the Digital Bond Grant Scheme, he said.