HKMA explores tokenisation with green bond experiment

The Hong Kong Monetary Authority has successfully completed an experimental green bond issuance through Goldman Sachs’ digital asset platform — the bank’s tokenisation system. While the bond successfully raised $800m for the green bond programme, it was more noteworthy as the first tokenised green bond issued by a government. Kenneth Hui, executive director, external, Hong Kong Monetary Authority, and Rosie Hampson, executive director, digital assets, Goldman Sachs, joined Digital Monetary Institute editor Lewis McLellan to discuss the benefits that tokenisation offers for the green bond market and the challenges they overcame in delivering the deal.