HashKey Group has joined the Hong Kong Monetary Authority’s (HKMA) Tokenized Bond Expert Group, becoming one of the initiative’s first participating institutions. The move places the digital asset firm among regulators and industry players working to shape the future of tokenized bond issuance and trading in Hong Kong.
The Expert Group was created to support the development of Hong Kong’s tokenized bond market by bringing together practical industry experience and regulatory expertise. During initial discussions, participants exchanged views on how existing laws and regulations apply to tokenized bonds and related transactions.
📢 HashKey Group joins the HKMA @hkmagovhk Tokenised Bond Expert Group as one of its initial member institutions.
As Hong Kong’s tokenised bond market continues to evolve, the Expert Group brings together regulators and market participants to advance market development.
With…
— HashKey Group (@HashKeyGroup) June 5, 2026
HashKey join the HKMA’s tokenized bond expert group
HashKey said its participation reflects its growing involvement in real-world asset (RWA) tokenisation. The company has worked on several tokenized products, including tokenized bonds, tokenized notes, money market ETFs, and assets backed by physical holdings.
According to the company, it will contribute market insights and operational experience gathered from helping clients issue and manage tokenized products. HashKey’s services cover multiple stages of the tokenisation process, including issuance, distribution, trading support, liquidity arrangements, and ongoing asset management. The company believes practical industry feedback will be important as regulators and market participants work to establish standards for the sector.
What will drive the growth of tokenized bonds in Hong Kong?
HashKey Chairman and CEO Dr. Xiao Feng said the expansion of tokenized bonds will depend on more than just blockchain systems. He stressed that regulatory clarity, strong financial infrastructure, and cooperation across the industry will be key to moving the market from pilot projects to wider adoption.
He added that tokenization only works at scale when legal frameworks, trading systems, and settlement infrastructure develop together. Without this alignment, progress will remain limited to small trials and isolated use cases.
Dr. Xiao also pointed out that Hong Kong’s established capital markets and active regulatory environment give it a strong base to support this next phase of growth, especially as more financial institutions test real-world asset tokenization.
Why are tokenized bonds gaining traction across crypto and traditional finance?
tokenized bonds have become one of the fastest-growing areas within the RWA sector. Governments, banks, and financial institutions are increasingly exploring blockchain-based versions of traditional fixed-income products.
Hong Kong has already completed several tokenized bond initiatives in recent years.
Outside Hong Kong, major institutions including JPMorgan Chase, HSBC, and BlackRock have also expanded their focus on tokenisation projects as demand grows for faster settlement, improved transparency, and more efficient asset management. As a result, tokenized bonds are increasingly being viewed as one of the most practical bridges between traditional finance and blockchain technology.
Notably, HashKey Group deepened its footprint across trading, ratings, and institutional partnerships, moves that now culminate in the launch of a comprehensive Real-World Asset issuance platform.
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