Svmuu News: To support the use of tokenization technology in the bond market, Hong Kong plans to issue guidelines clarifying that registers of debenture holders may be maintained using distributed ledger technology, while also exploring the use of electronic signatures for issuance documents and promoting the digitization of bearer bonds. Zeng Gang, Chief Expert and Director of the Shanghai Finance and Development Laboratory, believes this represents a key institutional breakthrough for Hong Kong in driving the deep integration of digital currencies and traditional finance. Once the Hong Kong government issues these guidelines, registration records on distributed ledgers will gain explicit legal validity. This is equivalent to establishing a “language translator” between traditional financial infrastructure and the protocol layer of digital assets, enabling institutions to confidently deploy relevant technologies within a compliant framework. (21st Century Business Herald)