Hong Kong to launch CMU OmniClear bond tokenization platform and start stablecoin licensing in March 2026–27 budget plan

In his 2026–27 budget speech, Hong Kong Financial Secretary Paul Chan announced that HKMA subsidiary CMU OmniClear Holdings will build a digital asset platform to issue and settle tokenized bonds and later connect it with other regional tokenization systems. Chan also outlined plans to begin issuing the first fiat‑referenced stablecoin licenses in March and to introduce new licensing regimes and tax reporting rules for digital asset service providers.