21st Century Business Herald: Hong Kong will provide guidelines to clarify whether the register of bondholders can be maintained using a distributed ledger.

To facilitate the use of tokenization technology in the bond market, Hong Kong plans to provide guidelines clarifying that a distributed ledger can be used to maintain a register of bondholders, and to explore electronic signatures for issuance documents and promote the digitalization of bearer bonds. Zeng Gang, chief expert and director of the Shanghai Financial and Development Laboratory, believes this is a key institutional breakthrough for Hong Kong in promoting the deep integration of digital currency and traditional finance. After the Hong Kong government provides these guidelines, the registration records of the distributed ledger will gain clear legal effect, effectively bridging the language gap between traditional financial infrastructure and digital asset protocol layers, allowing institutions to confidently deploy related technologies within a compliant framework. (21st Century Business Herald)