Hong Kong will issue what is the world’s first tokenized government green bonds by the end of the year. Reports also state that the region will legalize retail crypto trading.

Hong Kong’s financial authorities are committing to better regulate the crypto market, issuing a policy statement on the matter. In the official notice, the financial secretary also revealed several pilot programs. The most notable of these was the issuance of a new batch of tokenized green bonds for institutional investors.

(By Rahul Nambiampurath)