Hong Kong Financial Secretary: The settlement cycle for tokenization of green bonds has been shortened, improving trading efficiency.
Gate News bot reported that the Secretary for Financial Services and the Treasury of Hong Kong, Hui Cheng-yu, recently stated that the settlement cycle for tokenized green bonds issued by the government has been shortened from T+5 to T+1. He pointed out that tokenization not only accelerates the flow of funds but also enhances trading efficiency. Hui Cheng-yu emphasized that digital assets and blockchain technology help to drop transaction friction costs and expressed the hope that these technologies will be widely applied to achieve integration with the real economy.