Hong Kong is living in the future when it comes to the blockchain. They already have stablecoin since the pandemic, they have pure blockchain payments since 2024. And slowly they are issuing the local governance under the blockchain. And things are slowly becoming more digital for them. 

Now comes the part where the bonds and the govt based digital assets are coming out. As the hong kong has it's own economic forum which works under their own autonomous structure apart from China on the blockchain. So they have issued the bonds. In 2023 they started and now in 2025 they issued again. 

Now comes the 3rd batch of the green bonds. You can read about them in official paper here. 

So this kind of forms the first tokenization in the govt side. Though there are plenty of the tokenized projects in private. But the tokenization in the blockchain side is here. And it does show the case where we have to think of them for small govt level projects. It does work though one at a time. 

They are also making sure any new stablecoin that is built for their nation from outside would have to get license and certificate. And like that it would be possible for the people to get the tokens without any form of the legal issues. And this means the consumers would also appreciate it in better vibes in longer run. 

let's see where the hongkong turns out to be and how they can be pretty effective with the blockchain in the local governance.