{"slug":"tokenized-bonds-and-funds-hong-kong","question":"Which tokenized government bonds and money market funds has Hong Kong issued?","answer":"9 tranches of digital green bonds from the HKSAR Government, issued in 2023, 2024, 2025; 4 of them are still outstanding (USD 300 million, RMB 2.5 billion, HKD 2.5 billion, EUR 300 million), the rest have matured and been repaid.","shortAnswer":"9 tranches of digital green bonds from the HKSAR Government, issued in 2023, 2024, 2025; 4 of them are still outstanding (USD 300 million, RMB 2.5 billion, HKD 2.5 billion, EUR 300 million), the rest have matured and been repaid. Plus 3 digital money market funds from China Asset Management (Hong Kong) Limited, authorised by the SFC and confirmed live by the manager. Authorised but not yet confirmed as launched: BlackRock HKD Digital Liquidity Fund.","asOf":"2026-10-15","faq":[{"q":"Are Hong Kong’s digital green bonds on a public blockchain?","a":"No. The 2023 bond was recorded on Goldman Sachs’ GS DAP and the 2024 and 2025 issues on HSBC Orion, both private, permissioned ledgers. Settlement runs through the HKMA’s Central Moneymarkets Unit, as for any other government bond. You hold them through a bank or broker, not in a wallet."},{"q":"What is a digital money market fund in Hong Kong?","a":"An ordinary SFC-authorised money market fund whose units are recorded as tokens. ChinaAMC RMB Digital Money Market Fund, ChinaAMC USD Digital Money Market Fund, ChinaAMC HKD Digital Money Market Fund. The manager’s announcement of 21 September 2026 names Standard Chartered as custodian and HSBC tokenised deposits for the cash leg."},{"q":"Does an SFC authorisation mean a digital fund has launched?","a":"No. An authorisation shows a fund may be offered, not that it has launched or that its units are already tokens. Funds whose manager confirmed the launch are shown as live; funds that are only authorised are listed with that label, so the picture is complete without overstating it. The SFC publishes no tokenised flag, so we find digital funds by name — a lower bound."},{"q":"Which of them can I buy without KYC?","a":"None of them is stated as buyable without KYC."},{"q":"Are these yields fixed?","a":"None is stated as fixed. The figures on this page were last checked between 2026-10-14T17:39:17.937Z and 2026-10-15T10:00:00.000Z."}],"count":13,"rows":[{"ticker":"SFC-BWG919","name":"ChinaAMC RMB Digital Money Market Fund","issuer":"China Asset Management (Hong Kong) Limited","category":"Tokenized Treasuries","yield":"Yield not stated by the source","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":null,"chains":null,"country":"Hong Kong","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Asia-PacificFirst-ChinaAMC(HK)IntegratesTokenisedDepositCapabilitytoItsDigitalMoneyMarketFund.pdf","lastVerified":"2026-10-14T17:39:17.937Z","tier":"imported","page":"https://tokenbank.world/token/SFC-BWG919","json":"https://tokenbank.world/api/tokens/SFC-BWG919"},{"ticker":"SFC-BWG918","name":"ChinaAMC USD Digital Money Market Fund","issuer":"China Asset Management (Hong Kong) Limited","category":"Tokenized Treasuries","yield":"Yield not stated by the source","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":null,"chains":null,"country":"Hong Kong","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Asia-PacificFirst-ChinaAMC(HK)IntegratesTokenisedDepositCapabilitytoItsDigitalMoneyMarketFund.pdf","lastVerified":"2026-10-14T17:39:17.937Z","tier":"imported","page":"https://tokenbank.world/token/SFC-BWG918","json":"https://tokenbank.world/api/tokens/SFC-BWG918"},{"ticker":"SFC-BVQ026","name":"ChinaAMC HKD Digital Money Market Fund","issuer":"China Asset Management (Hong Kong) Limited","category":"Tokenized Treasuries","yield":"Yield not stated by the source","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":null,"chains":null,"country":"Hong Kong","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Asia-PacificFirst-ChinaAMC(HK)IntegratesTokenisedDepositCapabilitytoItsDigitalMoneyMarketFund.pdf","lastVerified":"2026-10-14T17:39:17.937Z","tier":"imported","page":"https://tokenbank.world/token/SFC-BVQ026","json":"https://tokenbank.world/api/tokens/SFC-BVQ026"},{"ticker":"HKGB-DIGI-2025-USD","name":"HKSAR Government — Digital Green Bond 2025 (USD 3-year tranche)","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"3.633% coupon","yieldPct":3.633,"yieldKind":"fixed","minimumUsd":null,"size":"USD 300 million","chains":"HSBC Orion","country":"Hong Kong","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/11/20251111-6/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2025-USD","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2025-USD"},{"ticker":"HKGB-DIGI-2025-RMB","name":"HKSAR Government — Digital Green Bond 2025 (RMB 5-year tranche)","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"1.9% coupon","yieldPct":1.9,"yieldKind":"fixed","minimumUsd":null,"size":"RMB 2.5 billion","chains":"HSBC Orion","country":"Hong Kong","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/11/20251111-6/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2025-RMB","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2025-RMB"},{"ticker":"HKGB-DIGI-2025-HKD","name":"HKSAR Government — Digital Green Bond 2025 (HKD 2-year tranche)","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"2.5% coupon","yieldPct":2.5,"yieldKind":"fixed","minimumUsd":null,"size":"HKD 2.5 billion","chains":"HSBC Orion","country":"Hong Kong","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/11/20251111-6/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2025-HKD","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2025-HKD"},{"ticker":"HKGB-DIGI-2025-EUR","name":"HKSAR Government — Digital Green Bond 2025 (EUR 4-year tranche)","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"2.512% coupon","yieldPct":2.512,"yieldKind":"fixed","minimumUsd":null,"size":"EUR 300 million","chains":"HSBC Orion","country":"Hong Kong","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/11/20251111-6/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2025-EUR","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2025-EUR"},{"ticker":"HK-BLACKROCK-HKD-DLF","name":"BlackRock HKD Digital Liquidity Fund","issuer":"BlackRock Asset Management North Asia Limited","category":"Tokenized Treasuries","yield":"Not stated by the source","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":null,"chains":null,"country":"Hong Kong","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://apps.sfc.hk/productlistWeb/searchProduct/UTMF.do?lang=EN","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/HK-BLACKROCK-HKD-DLF","json":"https://tokenbank.world/api/tokens/HK-BLACKROCK-HKD-DLF"},{"ticker":"HKGB-DIGI-2024-USD","name":"HKSAR Government — Digital Green Bond 2024 (USD tranche)","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"4.749% coupon","yieldPct":4.749,"yieldKind":"fixed","minimumUsd":null,"size":"USD 200 million","chains":"HSBC Orion","country":"Hong Kong","kycSecondary":"unknown","maturity":"2026-02","lifecycle":"matured","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/02/20240207-6/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2024-USD","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2024-USD"},{"ticker":"HKGB-DIGI-2024-RMB","name":"HKSAR Government — Digital Green Bond 2024 (RMB tranche)","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"2.9% coupon","yieldPct":2.9,"yieldKind":"fixed","minimumUsd":null,"size":"RMB 1.5 billion","chains":"HSBC Orion","country":"Hong Kong","kycSecondary":"unknown","maturity":"2026-02","lifecycle":"matured","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/02/20240207-6/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2024-RMB","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2024-RMB"},{"ticker":"HKGB-DIGI-2024-HKD","name":"HKSAR Government — Digital Green Bond 2024 (HKD tranche)","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"3.8% coupon","yieldPct":3.8,"yieldKind":"fixed","minimumUsd":null,"size":"HKD 2 billion","chains":"HSBC Orion","country":"Hong Kong","kycSecondary":"unknown","maturity":"2026-02","lifecycle":"matured","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/02/20240207-6/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2024-HKD","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2024-HKD"},{"ticker":"HKGB-DIGI-2024-EUR","name":"HKSAR Government — Digital Green Bond 2024 (EUR tranche)","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"3.647% coupon","yieldPct":3.647,"yieldKind":"fixed","minimumUsd":null,"size":"EUR 80 million","chains":"HSBC Orion","country":"Hong Kong","kycSecondary":"unknown","maturity":"2026-02","lifecycle":"matured","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/02/20240207-6/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2024-EUR","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2024-EUR"},{"ticker":"HKGB-DIGI-2023","name":"HKSAR Government — Tokenised Green Bond 2023","issuer":"HKSAR Government","category":"Tokenized Treasuries","yield":"4.05% coupon","yieldPct":4.05,"yieldKind":"fixed","minimumUsd":null,"size":"HK$800 million","chains":"Goldman Sachs GS DAP (private blockchain)","country":"Hong Kong","kycSecondary":"unknown","maturity":"2024-02-16","lifecycle":"matured","isin":null,"contract":null,"source":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2023/02/20230216-3/","lastVerified":"2026-10-15T10:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/HKGB-DIGI-2023","json":"https://tokenbank.world/api/tokens/HKGB-DIGI-2023"}],"programs":[],"underlyings":[],"sources":[{"label":"HKMA: HKSAR Government tokenised green bond (16 February 2023)","url":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2023/02/20230216-3/"},{"label":"HKMA: multi-currency digital green bonds (7 February 2024)","url":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/02/20240207-6/"},{"label":"HKMA: digital green bonds (11 November 2025)","url":"https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/11/20251111-6/"},{"label":"ChinaAMC (HK): digital money market fund with tokenised deposits (21 September 2026, PDF)","url":"https://www.chinaamc.com.hk/jeecg-boot/sys/common/static/temp/Asia-PacificFirst-ChinaAMC(HK)IntegratesTokenisedDepositCapabilitytoItsDigitalMoneyMarketFund.pdf"}],"_links":{"page":"https://tokenbank.world/answers/tokenized-bonds-and-funds-hong-kong","index":"https://tokenbank.world/api/v1/answers"},"_citation":"TokenBank, “Which tokenized government bonds and money market funds has Hong Kong issued?”, https://tokenbank.world/answers/tokenized-bonds-and-funds-hong-kong (data as of 2026-10-15), CC BY 4.0.","_license":"CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/","_disclaimer":"Computed from sourced data; yields are variable and not guaranteed. Not investment advice. Verify each row’s source before relying on it."}