Hong Kong explores tokenization to enhance liquidity in the carbon market

According to Wu, Hong Kong Financial Secretary Chan Mo-po said that Hong Kong has become an Asian leader in green and sustainable finance. In addition to scale, innovative products are also needed to meet the development needs of different countries and regions. The Hong Kong Monetary Authority is exploring the application of tokenization in carbon rights issuance and trading through the Ensemble sandbox project to enhance the liquidity and depth of the carbon market.