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Hong Kong pulls JPMorgan, HSBC and UBS into its tokenized bond push Hong Kong is bringing the big banks to the table. The HKMA (@hkmagovhk) has set up a Tokenized Bond Expert Group with members including JPMorgan, HSBC, Standard Chartered, UBS, Ant Digital, and HashKey. The job: shape policy, market practices and the legal rulebook to scale tokenized bond adoption. The first talks, held in May, zeroed in on how Hong Kong's rules apply to issuing and trading them. Hong Kong has sold tokenized government bonds since 2023, including a 2025 deal that was the first to use digital e-CNY and e-HKD.
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