Golden Finance reports that Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), has launched a plan to subsidize part of the cost of issuing tokenized bonds, aiming to encourage greater adoption of tokenization in its capital markets. According to the November 28 announcement and its accompanying guidance, the Hong Kong Monetary Authority’s Digital Bond Grant Scheme (DBGS) will provide a subsidy of up to 50% of “qualified expenses” for each eligible digital bond issuance, subject to a maximum amount of exceed a certain amount. "DBGS aims to promote the development of digital securities markets and encourage wider adoption of tokenization technology in capital market transactions," the Hong Kong Monetary Authority said in a statement.