Hong Kong taps banks, lawyers and crypto firms to help rewrite rules for tokenised bonds

Hong Kong’s de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers.The Hong Kong Monetary Authority (HKMA) said on Friday it had established a Tokenised Bond Expert Group comprising 21 institutions spanning banks, law firms, market infrastructure providers and digital asset companies to support the development of the city’s tokenised bank market.Members include major lenders such as HSBC, Standard Chartered, UBS, Bank of China (Hong Kong) and JPMorgan Securities, alongside law firms including A&O Shearman, Clifford Chance and Linklaters, as well as Ant Digital Technologies, digital asset firm HashKey Group and market infrastructure operator CMU OmniClear.