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Hong Kong to Link New Digital Bond Platform With Regional Crypto Tokenization Hubs

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Hong Kong is integrating its debt market into the blockchain and crypto era, announcing a new digital asset platform in the second half of the year that will support the issuance and settlement of tokenized bonds.

Financial Secretary Paul Chan confirmed Wednesday during his 2026/2027 budget speech that the Hong Kong Monetary Authority’s (HKMA) CMU OmniClear Holdings will build the infrastructure, with explicit plans to link it with regional tokenization hubs.

The move shifts Hong Kong from pilot programs to permanent market architecture, consolidating liquidity across Asian markets.

By connecting with external platforms, the initiative aims to prevent the “digital island” effect that has plagued early tokenization efforts.

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Key Takeaways

  • Platform Launch: CMU OmniClear will develop a central infrastructure to settle tokenized bonds and eventually other digital assets.
  • Regional Connectivity: The system is designed to link with other tokenization platforms across the Asia-Pacific region to boost cross-border liquidity.
  • Stablecoin Integration: New fiat-referenced stablecoin licenses will issue in March to support settlement and exploring commercial use cases.

Why Hong Kong Monetary Authority (HKMA) Is Shifting From Pilots to Core Infrastructure

The platform represents the HKMA’s transition from experimental “Project Ensemble” sandboxes (which helped asset manager titan Franklin Templeton issue tokenized assets) to a live production environment.

Following the successful issuance of green bonds totaling $10 billion in late 2025 throughout the secondary market, the regulator is now addressing the post-trade friction.

This isn’t just about government debt. The infrastructure is built to scale beyond sovereign issuance. Just as retail platforms like Bitpanda expand access to tokenized metals and commodities, Hong Kong’s new hub aims to capture the institutional side of RWA issuance.

By placing settlement within the Central Moneymarkets Unit (CMU), Hong Kong provides the legal certainty institutions require.

The system will support settlement for various digital assets, moving beyond the $1.28 billion third batch of tokenized bonds issued last quarter.

Crucially, the government has committed to continuing regular tokenized issuances to prime the liquidity pump.

Institutional Demand and Cross-Border Liquidity

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This infrastructure play aligns with surging institutional demand for on-chain yields and settlement efficiency.

Standard Chartered analysts recently highlighted how stablecoins are driving a trillion-dollar demand for tokenized U.S. Treasury bills. By linking regional hubs, Hong Kong attempts to capture similar flows for Asian debt markets.

The efficiency gains are measurable, but the revenue potential for infrastructure providers is the larger story. Bloomberg Intelligence projects that institutional stablecoin revenue could scale significantly as these settlement layers mature.

Secretary Chan noted in his speech that fiat-referenced stablecoin licenses, key to the settlement leg of these trades, will begin rolling out in March, confirming earlier reports by HKMA Chief Executive Eddie Yue, which said the same thing.

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These licenses will initially be limited, focusing on issuers with robust asset backing and anti-money laundering controls.

Yue confirmed that reviews are prioritizing use cases that demonstrate real commercial utility rather than speculative trading and expects only a “very small number” of licenses to be given in March.

Discover: Next Crypto to Explode in 2026

Hong Kong and Crypto are Facing an Interoperability Challenge

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The technological hurdle remains interoperability. While the HKMA plans to link with “regional platforms,” distinct regulatory standards in Singapore and Japan create friction.

However, without unified standards, liquidity remains trapped in domestic silos, reducing the utility of tokenized assets.

Market observers are also watching the implementation of the OECD’s Crypto-Asset Reporting Framework, which Hong Kong is advancing alongside the platform build. These tax transparency measures are a prerequisite for institutional capital that requires full compliance.

If the CMU OmniClear platform successfully integrates with mainland China’s settlement systems and Singapore’s Project Guardian, Hong Kong secures its status as the crypto-financial gateway to Asia.

If it operates in isolation, volume will struggle to match the $10 billion pilot hype. The market will look to the first compliant commercial issuance on the new platform in H2 2026 for confirmation.

Discover: The best pre-launch crypto sales today

The post Hong Kong to Link New Digital Bond Platform With Regional Crypto Tokenization Hubs appeared first on Cryptonews.

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Crypto World

Solana Price Charts Are Hinting at a Potential Rally Toward $110 Next

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Solana Price Charts Are Hinting at a Potential Rally Toward $110 Next

Solana’s SOL (SOL) has rallied 10% over the past 24 hours, rising to an intraday high of $86 on Wednesday.

The recovery was accompanied by a leap in futures activity, with SOL’s open interest rising by more than 5% to $5.27 billion.

Analysts are now focusing on the short-term technical setup and fundamental indicators that may signal a major turning point for SOL.

Key takeaways:

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  • SOL price has risen 10% in 24 hours, fueled by bullishness in the broader market and Solana ETF inflows.

  • Solana’s symmetrical triangle breakout targets $110 SOL price.

SOL recovers with the crypto market

The SOL/USD pair rose as much as 13.6% to $86 on Wednesday from a two-week low of $75 on Tuesday, amid a marketwide recovery.

Bitcoin (BTC), the market leader, was trading at $66,800 at the time of writing, up 5% over the 24 hours. Second-placed Ether (ETH) has gained about 8% on the day to trade just above $1,990. XRP (XRP) has also posted significant daily gains among the top 10 cryptocurrencies, up 6% over the same period.

As a result, the global crypto market capitalization is up 4% on the day to $2.28 trillion on Wednesday.

Performance of top-cap cryptocurrencies: Source: CoinMarketCap

Solana’s surge today is accompanied by significant short liquidations totaling $15.4 million over the last 24 hours, signaling intense demand-side pressure.

The buyers were also US-based spot Solana ETFs, which have recorded $40 million in net inflows since Feb. 9.

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Spot Solana ETFs flows table. Source: Farside Investors

The growing demand-side pressure that could push SOL prices higher when coupled with increased inflows from global Solana investment products and buying by whales.

Cryptocurrencies, Markets, Price Analysis, Tech Analysis, Market Analysis, Altcoin Watch, Solana, ETF
Source: Lookonchain

SOL’s symmetrical triangle breakout targets $110

Data from TradingView shows SOL price breaking above a symmetrical triangle on the six-hour time frame, as shown in the chart below.

The price needs to close above the 100-day simple moving average (SMA) at $86 to sustain the upward momentum.

The measured target of the prevailing pattern, calculated by adding the height of the triangle to the breakout point, is $110, coinciding with the 50-day SMA. This represents a 28.5% rally from the current levels. 

SOL/USD 6-H chart. Source: Cointelegraph/TradingView

As Cointelegraph reported, a daily candlestick close above the 20-day EMA, currently at $88, would open the way for a rise toward $95 and later to $117. 

Glassnode’s realized price distribution data for Solana shows limited historical buying activity above $85, suggesting that the bulls could easily break this resistance.

In other words, there are relatively few SOL holders with a cost basis above this zone, reducing the chances of sellers stepping in decisively until the price reaches higher supply zones. 

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The next significant resistance sits at $115, where approximately 22 million SOL were previously acquired.

SOL: UTXO realized price distribution (URPD). Source: Glassnode