The Hong Kong Monetary Authority and the Treasury have completed the first phase of DLT review and will enter the legislative review stage

The Hong Kong Monetary Authority and the Financial Services and the Treasury Bureau have completed the first phase review of the application of distributed ledger technology (DLT) in the fixed income market in Hong Kong, and will launch a legislative review to promote the wider application of DLT, including allowing electronic execution of tokenized bond issuance documents and exploring the concept of tokenized fixed income products.