The Hong Kong authorities have repeatedly insisted that one of the important initiatives to attract institutional investors is the issuance of “eco-friendly bonds”, debt securities to attract investment in projects related to improving the environment.
Goldman Sachs’ GS DAP platform has developed bond tokenization and the bonds will be settled by Hong Kong’s Central Clearing System for Debt Instruments (CMU).
In January, Hong Kong financial secretary Paul Chan said that local regulators intend to cooperate with crypto and fintech startups despite the ongoing crisis in the industry. According to Chan, Hong Kong is rapidly approaching the status of a region that will become a hub for large crypto companies and small projects.
According to a report from the Bitcoin Mining Council, the share of renewable energy used to mine bitcoin has come close to 60% in 2022.
Source: Bits
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