Xu Zhengyu: The settlement cycle of tokenized green bonds is shortened to T+1, improving trading efficiency

ChainCatcher news, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated that the settlement cycle for tokenized green bonds issued by the Hong Kong government has been shortened from the 5th trading day after the transaction (T+5) to T+1. Tokenization enhances the speed of fund transfer and trading efficiency, and digital assets along with their blockchain technology can reduce friction costs. Tokenization can improve the speed of fund transfer and trading efficiency, and it is hoped that it will be widely utilized and connected to the real economy.