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Financial News: Hong Kong to Provide Guidance on Clearing Debt Holders Register Using Distributed Ledger Technology
Summary: In order to facilitate the use of tokenization technology in the bond market, Hong Kong plans to provide guidance on clearing debt holders register using distributed ledger technology, and explore electronic signing of issuance documents to promote electronicization of bearer bonds. Zeng Gang, Chief Expert and Director of the Shanghai Financial and Development Laboratory, believes ...
In order to facilitate the use of tokenization technology in the bond market, Hong Kong plans to provide guidance on clearing debt holders register using distributed ledger technology, and explore electronic signing of issuance documents to promote electronicization of bearer bonds. Zeng Gang, Chief Expert and Director of the Shanghai Financial and Development Laboratory, believes this is a key institutional breakthrough for Hong Kong in promoting deep integration of digital currency and traditional finance. After the Hong Kong government provides guidance, the registration records on the distributed ledger will obtain clear legal effect, equivalent to bridging the 'language translator' between traditional financial infrastructure and digital asset protocols, allowing institutions to confidently deploy related technologies within a compliance framework. (21 Finance)
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Link: Financial News: Hong Kong to Provide Guidance on Clearing Debt Holders Register Using Distributed Ledger Technology [Copy]
