Hong Kong's 🇭🇰 got some balls... Crypto balls

GM Guys and Gals,

Hong Kong just announced the world's first-ever tokenized green bond, proving once again that they're not afraid to take the lead in the crypto world. In other words, the U.S. is still trying to figure out how to regulate the industry while Hong Kong is busy making history. Here’s everything you need to know about this [👇🏻]

The bond was sold for approximately $102 million, with a yield of 4.05%. The successful sale shows Hong Kong's strength in combining bond markets, green and sustainable finance, as well as fintech.

And who was responsible for executing the tokenized green bond sale, you ask? None other than Goldman Sachs GS DAP, a blockchain tokenization platform.

Hong Kong is taking a different approach from China when it comes to regulating the crypto industry. While China has taken a hostile stance, Hong Kong intends to become a crypto hub.

They've even built the world's first physical digital twin school buildings in the Metaverse. It's safe to say they're not afraid of innovation and they're constantly pushing the boundaries.

Bitcoin is up 9% in the past 24 hours, breaking the $25,000 mark for the first time in recent months. Ethereum is also on the rise, currently up 8.4% in the last 24 hours after crossing the $1,700 mark.

So, while the U.S. is still trying to figure things out, Hong Kong is paving the way. Who knows what other surprises they have in store for us? Stay tuned.

As the crypto world continues to evolve, we will keep you updated on all the latest developments. Stay tuned for more updates from Web3shala.

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That’s it for the day, Web3Shala 👋

To the Moon 🚀