digital asset

The city will “regularise” the issuance of tokenised bonds, according to Hong Kong's financial secretary at his latest Budget speech; Chan is expecting GDP growth of 2% to 3% in 2025.

DLT’s potential to drive transaction efficiency is more widely acknowledged, while some crypto native players are looking to tap into traditional financial products; however, Apac’s regulatory framework is fragmented.

Axelar Foundation has published a white paper on blockchain interoperability across financial institutions as asset tokenisation develops.

The decision follows numerous delays to the project, which had been in the works since 2017.

With the first digital bond issuance in the region for Olam International, not only has SGX cut settlement to two days, it could now become Asia’s fixed income hub for bond issuers.