According to Mars Finance, the Secretary for Financial Services and the Treasury, Hui Zhengyu, stated that Hong Kong has issued green bonds in a tokenized form twice in 2023 and 2025, and the third batch of token bonds is also being prepared. In the future, Hong Kong will regularize the issuance of tokenized government bonds and provide incentives for the tokenization of real-world assets, such as exempting stamp duty on the transfer of tokenized exchange-traded funds (ETFs). Additionally, Hong Kong will promote a broader tokenization of assets and financial instruments, showcasing the diverse applications of tokenization technology in various fields, including precious metals, non-ferrous metals, and renewable energy (such as solar panels). (Hong Kong Wen Wei Po)