Linklaters advises on the Hong Kong SAR Government’s inaugural tokenised green bond offering
Helen Saulnier 
Linklaters encouraged the joint direct managers and the trustee on the thriving supplying of HK$800m tokenised eco-friendly bond* by the Government of the Hong Kong Specific Administrative Region of the People’s Republic of China (HKSAR Authorities).
The a single-12 months Hong Kong dollar-denominated tokenised green bond was cleared and settled via the Central Moneymarkets Device (CMU) of the Hong Kong Financial Authority. Beneficial passions in the bond have been recorded on settlement in the tokenised securities accounts on a distributed ledger technological innovation-primarily based electronic assets system supplied by the platform service provider as an extension of the CMU.
This transaction marks a number of firsts in the market place such as:
- the to start with tokenised eco-friendly bond by the HKSAR Governing administration
- the 1st tokenised green bond by a governing administration issuer globally and
- the first tokenised bond ruled by Hong Kong legislation.
The Linklaters’ crew was led by cash marketplaces partners Gloria Cheung and Jonathan Horan, with support from counsel Grace Wee. Counsel and Head of Securitisation, Hong Kong SAR Mary Matson acted as authorized advisor to the trustee, with aid from running affiliate Beibei Ding.
Linklaters’ capital marketplaces partner Gloria Cheung, commented:
“Linklaters regularly advises on 1st-to-current market digital assets and ESG-themed personal debt cash markets transactions. We thank our purchasers for the trust they keep on to area in us, and our cross-jurisdictional team is delighted to have participated in this landmark transaction.”
Linklaters is at the forefront of electronic asset innovation and has earlier suggested BondEvalue on the successful start of the world’s very first bond trade driven by blockchain technologies, BondbloX Bond Trade, and on the very first trade of BondbloX, as properly as recommended European Investment Financial institution on the issuance of its initially ever notes in digital form on the Ethereum general public blockchain.
