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Hong Kong Financial Secretary: The settlement cycle for tokenization of green bonds has been shortened, improving trading efficiency.
Gate News bot message, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, recently stated that the settlement cycle for the government's issued tokenized green bonds has been shortened from T+5 to T+1. He pointed out that tokenization not only accelerates the flow of funds but also enhances trading efficiency. Christopher Hui emphasized that digital assets and blockchain technology help to drop transaction friction costs and hopes that these technologies can be widely applied to achieve integration with the real economy.