#DACC.HK

Digital Assets Clearing Center Joins Hong Kong Economic Council to Unveil Whitepaper on Tokenised Bond Development in Hong Kong

Digital Asset Clearing Center (DACC.HK) co-organized the Hong Kong New Quality Productive Forces Forum (III) to unveil its whitepaper, "Building a Global Digital Bond Hub in Hong Kong." This strategic document outlines Hong Kong's ambition to become a leading issuance center for digital bonds, facilitating cross-currency and cross-border RMB settlements. The whitepaper projects significant efficiencies, including a 30-50% reduction in issuance costs and trading/settlement times shortened from days to seconds. Furthermore, it anticipates a 60-80% improvement in cross-border capital flow efficiency, solidifying Hong Kong's role as a super-connector between Chinese Mainland and global markets. DACC.HK's DACC ChainFusion™ technology, compliant with ISO 20022 standards and integrated with Conflux, a regulatory-compliant public blockchain, is central to enabling seamless interoperability between traditional finance and blockchain networks. These initiatives are crucial for Hong Kong to seize new opportunities in the evolving digital transformation of global financial markets, attracting additional liquidity and enhancing its international financial center status. The recommendations include reserving government bonds for retail investors and expanding tokenized bond issuance.

prnewswire.com·Jun 27