Hong Kong to sell digital green bonds in multiple currencies
- ByStartupStory | November 11, 2025
Hong Kong is set to sell a new batch of “digitally native” green bonds denominated in multiple currencies—including US dollars, Hong Kong dollars, euros, and offshore yuan—as it intensifies efforts to become a global hub for digital assets and sustainable finance. This marks the city’s third sale of blockchain-based government-backed green bonds since 2023, showcasing its commitment to leveraging fintech for climate-related investments.
Key Details of the Digital Green Bonds
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The bonds will be issued entirely on blockchain platforms, enhancing transparency, efficiency, and settlement security for global investors.
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The deal, expected to be priced soon, is open to international investors and supported by major financial institutions—such as HSBC, Goldman Sachs, and Crédit Agricole—which provide the digital assets infrastructure.
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With an AA+ rating from S&P, the issuance matches the government’s traditional bonds in terms of credit quality, reinforcing market confidence.
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The funds raised will be earmarked for environmental and climate initiatives, further supporting Hong Kong’s sustainable finance agenda.
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This initiative enables interoperability between digital asset platforms and traditional clearing systems such as Euroclear and Clearstream, broadening access to global markets.
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The bond issue’s aggregate size is around HK$6 billion (US$764 million) equivalent.
Strategic Significance
Hong Kong’s move underscores an aggressive push to embrace tokenized bond issuance and blockchain-based debt, amid rising competition from other financial hubs such as Singapore and Dubai. Local corporates are also entering the tokenised bond market, indicating growing maturity and demand for digital securities in the city.
ESG and Tech Market Impact
The government’s green label on these bonds ensures proceeds are directed toward environmentally beneficial projects, helping advance both sustainable finance and tech-driven capital markets. The digital bond issuance is viewed as a model for future financing in Asia and beyond, setting benchmarks for liquidity, efficiency, and scalability in ESG investments.
Hong Kong’s latest digital green bond offering positions the city at the forefront of globally integrated tokenized finance, combining innovation in digital assets with a strong focus on sustainable development.