The post Hong Kong Advances Digital Finance with $10 Billicom. Timothy Morano Nov 11, 2025 05: 56 Hong Kong’s third digital green bond issuance, valued at HK$10 billion, introduces tokenised central bank money, marking a significant milestone in sustainable finance. The Hong Kong Special Administrative Region (HKSAR) Government has announced the successful pricing of its third digital green bond issuance, valued at approximately HK$10 billion. This issuance, under the Government Sustainable Bond Programme, marks a significant advance in digital finance by integrating tokenised central bank money for the first time, according to the Hong Kong Monetary Authority. Key Features of the Bond Issuance The bonds are denominated in multiple currencies, including HKD, RMB, USD, and EUR. The HKD tranche was set at 2. 5% over two years, the RMB tranche at 1. 9% over five years, the USD tranche at 3. 633% over three years, and the EUR tranche at 2. 512% over four years. The issuance was executed following a virtual roadshow conducted from November 3 to 7, 2025, and was priced on November 10, 2025. The introduction of tokenised central bank money in the settlement process, specifically e-CNY and e-HKD, is a pioneering move that aims to reduce settlement time, costs, and counterparty credit risk. This innovation positions the issuance as a world-first in integrating such digital money forms in bond settlements. Market Impact and Innovations This issuance not only achieved a record size for digital bonds but also attracted a substantial subscription amount exceeding HK$130 billion across the four currency tranches. The tenor extension to five years meets investor demand for longer-term digital bonds, further broadening the appeal of the digital bond market to institutional investors globally. The issuance also advanced the adoption of global standards, with Digital Token Identifiers (DTIs) obtained for all tranches, linking them to International Securities Identification Numbers (ISINs) and.