LATEST ARTICLE Ugly species need biodiversity protection too Read Article

Hong Kong launches the world's first multi-currency digital green bonds

Hong Kong's government has taken a significant step in the financial world by issuing 6 billion Hong Kong dollars (approximately $765 million) in digital green bonds. This innovative move introduces the world's first multi-currency digital bond offering, available in Hong Kong dollars, Renminbi, US dollars, and euros. Digital green bonds, or tokenised green bonds, are represented on blockchain technology, offering benefits like increased transparency, quicker transactions, and traceability.

Hong Kong launches the worlds first multi-currency digital green bonds_Sunset at Dragons Back hiking trail in Hong Kong_featuredSunset at Dragon's Back hiking trail in Hong Kong. AI generated picture.

This initiative marks Hong Kong's second venture into digital green bonds, following a $102 million issuance earlier in 2023. Christopher Hui, Secretary for Financial Services and the Treasury, emphasised the government's commitment to supporting innovative bond issuances and green transformation. He highlighted this issuance's role in bolstering sustainable development awareness and reinforcing Hong Kong's position as a premier hub for green and sustainable finance.

Read more: Revolutionising green finance: Wall Street's role in the $1 trillion carbon market

Issued under the Government Green Bond Programme, these bonds support projects across various eco-friendly sectors, including renewable energy, nature and biodiversity conservation, pollution mitigation, and clean transportation. Paul Chan, the Financial Secretary, praised the issuance for showcasing Hong Kong's capabilities in integrating green finance, bond markets, and fintech. He stressed the government's dedication to promoting fintech innovation and the use of new technologies to improve the financial sector's efficiency, transparency, and security.

Read more: How to use DGB Group's carbon footprint calculator on your journey to net zero

The worldwide effort to reduce carbon footprints highlights the vital role of nature-based solutions and the verified (voluntary) carbon market (VCM) in achieving significant reductions in carbon emissions. DGB Group is at the forefront of this evolution, providing premium carbon units (carbon credits) and green bonds to support this cause. DGB offers a pathway for companies, investors, and individuals to actively participate in environmental conservation via the carbon market. Our extensive selection of nature-inspired solutions enables you to contribute to reforestation projects, protect biodiversity, and empower local communities. 

Learn more about our carbon units and tap into the power of carbon markets

Before you go...

As DGB Group, our sole purpose is to rebuild trust and serve the public by making the right information available to everyone. By subscribing to our mailing newsletter, you can get the latest tips and trends from DGB Group's expert team in your inbox. Sign up now and never miss the insights.

Read other news

NetZero, a French carbon removal firm, has successfully raised €18 million ($19.5 million) from the ..

Base Carbon Inc, through its subsidiary Base Carbon Capital Partners Corp, has successfully obtained..

Tanzania has officially granted UpEnergy, a Ugandan project developer, its first-ever letter of auth..

Climate Impact X (CIX), headquartered in Singapore, has unveiled a new series of spot contracts desi..

Let’s get to know you

Let's talk about how we can create value together for your sustainability journey.