Business / Technology
Add as a preferred source on GoogleCarbon credits are slated for pilot trading, while the 2027 phase would cover Hong Kong-held receipts backed by London Metal Exchange-recognized warehouses.
Warehouse receipts are planned for a 2027 phase of Hong Kong Exchanges and Clearing’s blockchain-based asset platform, extending the project beyond a planned carbon-credit trading test.
The system is intended to support multiple tokenized asset types. Carbon credits are slated for pilot trading, but no year is specified for that test.
Receipts in the later phase would be kept in Hong Kong. The warehouses backing them would be recognized by the London Metal Exchange (LME).
Jeff Yan said the markets might trade with greater liquidity than traditional stock venues, but gave no launch date or commitment.
The Nov. 5 table listed 484 assets and 568,129 holders, putting Ondo about $97.1 million ahead of Securitize.
Bitfinex retweeted a Stephan Livera post questioning the tokenization of Apple shares.
