HSBC and the Bank of East Asia execute first Hong Kong repo trade using digital bonds

HSBC has executed a Hong Kong dollar repo transaction with the Bank of East Asia (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes.

The move represents the first repo in Hong Kong involving digital bonds.

“Investing in Hong Kong’s first-ever digitally native bonds and transacting repo trades with the bonds as collateral has been a smooth process,” said Bryan Wong, general manager and head of treasury markets division of BEA.

“This repo…