HKD / tokenized government debt

HKSAR Government Third Digital Green Bond, HKD tranche

issued by Government of the Hong Kong Special Administrative Region (Government Sustainable Bond Programme). verified

2.50%

published yield, read 2026-08-07

n/d

size

private ledger

can you hold it

The terms

Read from the sources below on 2026-08-05. Legal terms and contract addresses change rarely, so we re-verify these on a longer clock than the numbers above.

Issuer: Government of the Hong Kong Special Administrative Region (Government Sustainable Bond Programme)
Jurisdiction: Hong Kong SAR
Chains: HSBC Orion (private permissioned DLT)
Contracts: No contract address could be established from public sources. That is a disclosure gap on the issuer, and it is recorded as one.
Yield basis: Fixed coupon, 2.500% per annum, on a 2 year digitally native bond. The HKD tranche priced at par so the coupon and the re-offer yield are the same number. source
Size: Not disclosed on any source we could read. source
Minimum: Institutional bond-market minimum denominations; not disclosed in the press release
Who may hold it: Institutional investors, asset managers, banks, insurance companies, private banks. Distribution restricted in the US, Canada, Australia and Japan. source
Redemption: Bullet maturity 11 November 2027; settled through the HKMA's Central Moneymarkets Unit on a T+1 cycle source
Cost to enter: Standard institutional bond dealing; no fee disclosed
Transferability: Permissioned. Transfers only between allowlisted wallets. It also settles only on a private permissioned ledger, with no public-chain representation.
Secondary liquidity: None. Issued on HSBC Orion, a private permissioned platform, and settled via CMU. Not accessible from any public chain.

What we think you should know

ISIN HK0001201927, HKEX stock code 4299, maturity 11 November 2027. Face amount HK$2.5 billion of a roughly HK$10bn equivalent four currency offering priced 11 Nov 2025. Re read on 2026-08-07 against the official outstanding register at hkgb.gov.hk, which carries a Coupon (% p.a.) column: the coupon is fixed at 2.500%, there is no floating tranche, there has been no tap, the outstanding amount still equals the issue size and there has been no fourth HKSAR government digital green bond in 2026. aum_usd is deliberately left null rather than converting HK$2.5bn at the peg, because the conversion would be ours and not the source's. This is a genuinely digitally native rather than merely digitised sovereign green bond, the third in the HKSAR series, and the first digital bond offering anywhere to integrate tokenised central bank money (e-CNY and e-HKD) into settlement. All tranches carry ISO 24165 Digital Token Identifiers. A real allocator can buy this, but only as an institution through the normal syndicate and CMU channel. There is no public chain representation.

Sources

Other HKD instruments

Instrument	Ccy	Type	Yield	Size	Access	Confidence
ChinaAMC HKD Digital Money Market Fund (Tokenised Class) CAMMF	HKD	tokenized money market fund	2.30%	$97.68M	allowlist + KYC	verified
Bosera HKD Money Market ETF (Tokenised Class)	HKD	tokenized money market fund	not published	n/d	not established	verified