According to Economic News, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated that Hong Kong's tokenization is moving from the experimental stage to the implementation stage. As of the end of last year, the scale of tokenized deposits has reached HKD 39 billion. Last month, the fourth issuance of digital green bonds was oversubscribed in all currencies, and tokenized Hong Kong dollar deposits were included in the settlement process. The Hong Kong Stock Exchange is committed to launching a pilot program for tokenized warehouse receipt financing next year, collaborating with designated banks to use distributed ledger technology to promote bulk commodity warehouse receipts as collateral, and building a multi asset tokenization platform. https://www. (wublock123.com)/news/hong-kong-tokenization-implementation-tokenized-deposits-hkd39-billion-70588