CNH / tokenized government debt

HKSAR Government Third Digital Green Bond, RMB (CNH) tranche

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

1.90%

published yield

n/d

size

private ledger

can you hold it

The terms

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: Coupon / re-offer yield on a 5-year digitally native bond source
Size: Not disclosed on any source we could read. source
Minimum: Institutional bond-market minimum denominations; not disclosed
Who may hold it: Institutional investors only; distribution restricted in the US, Canada, Australia and Japan source
Redemption: Bullet maturity at 5 years; CMU settlement, T+1 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; private DLT, CMU-settled.

What we think you should know

Face amount RMB 2.5 billion, 5-year, 1.9%. Listed separately from the HKD tranche because it is a distinct currency and tenor. aum_usd left null: converting CNH to USD would be my estimate, not the source's. The same offering also had USD 300m (3yr, 3.633%) and EUR 300m (4yr, 2.512%) tranches which fall in other researchers' slices.

Sources

Other CNH instruments

Instrument	Ccy	Type	Yield	Size	Access	Confidence
ChinaAMC RMB Digital Money Market Fund (Tokenised Class) CRMBR	CNH	tokenized money market fund	0.82%	$42.51M	allowlist + KYC	verified