Hong Kong's Central Clearing System for Debt Instruments plans to establish a digital asset platform.

CoinFeed reported on May 1st that the Hong Kong Monetary Authority (HKMA) released a briefing document from the Legislative Council's Finance Committee, disclosing that the Hong Kong Central Moneymarkets Unit (CMU) is planning to establish a digital asset platform. According to reports, Swift Clearing, the HKMA's subsidiary responsible for operating the CMU, plans to establish the platform by 2026, supporting the issuance and settlement of digital bonds and gradually expanding to other digital assets, as well as connecting with other tokenized platforms in the region. Furthermore, the CMU also plans to launch a new platform in 2027 to enhance system processing capabilities and provide more comprehensive collateral management and liquidity management functions.