Odaily Planet Daily reports that to support the use of tokenization technology in the bond market, Hong Kong plans to provide guidelines to clarify that bondholder registers can be stored on distributed ledgers, and to explore electronic signing of issuance documents and promote the electronicization of bearer bonds. Zeng Gang, chief expert and director of the Shanghai Financial and Development Laboratory, believes this is a key institutional breakthrough in Hong Kong’s efforts to deeply integrate digital currency with traditional finance. After the government provides guidelines, the registration records on distributed ledgers will have clear legal validity, effectively serving as a “language converter” between traditional financial infrastructure and digital asset protocol layers, allowing institutions to confidently deploy related technologies within a compliant framework. (21 Finance)
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