Over the years, tokenised bonds have gained popularity. As of the end of March 2023, the total issuance of tokenised bonds globally reached US$3.9 billion, with approximately 90% of these tokenised bonds were issued between 2021 and 2023.

The Asset Tokenisation Standard ("Standard") is developed to complement with the IX Digital Asset Industry Classification System (DAICS®) which was published in September 2022. DAICS® is a three-tier system covering both cryptocurrencies and asset-backed tokens. The discussion paper aims to enhance a certification program and disclosure platform for tokenised assets. The Standard establishes the foundational layer, enabling benchmarking between regulated and unregulated exchanges. Simultaneously, the Standard allows flexibility for exchanges to develop their second layer on listing requirements. By facilitating comparison among tokens, the Standard promotes information safety.

The discussion paper sets out the framework and eligibility criteria of the Standard, among others. The Standard has the flexibility to allow issuers to continue to innovate and are targeted at industry participants, small and medium enterprises, large corporations in Hong Kong and Greater Bay Area, and can be applicable to issuers in China and Asia.

The discussion paper is available on IX Capital International Limited website in English and Chinese.

IX Capital International Limited invites industry leaders, scholars and the public to comment on the discussion paper. Interested parties can respond by completing the questionnaire and send written comments by e-mail to tsconsult@ix-index.com no later than 31st August 2024.

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The issuer is solely responsible for the content of this announcement.