Asia is turning tokenized real-world assets from pilot projects into production infrastructure, and the moves are coming fast.
Hong Kong builds tokenized bond trading platform
Hong Kong’s government announced the next phase of its fixed-income roadmap through the HKMA.
The key addition: a new electronic bond-trading platform launching in the second half of 2026 that will support regular issuance of tokenized bonds.
Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀
The Digital Bond Grant Scheme will continue to encourage more issuers to bring digital bonds to market.
The goal is explicit, strengthen Hong Kong’s position as a global fixed-income and currency hub by making tokenization a standard part of bond issuance and secondary trading.
Hashkey launches one-stop RWA tokenization platform
At the same time, Hashkey Capital rolled out a one-stop RWA tokenization platform designed to handle the full lifecycle: issuance, custody, trading, and settlement of tokenized real-world assets.
The Hong Kong-licensed platform aims to remove the usual friction points that have slowed institutional adoption of RWAs.
Standard Chartered forecasts $1T T-bill demand from stablecoins
On the demand side, Standard Chartered’s research team made one of the boldest projections yet.
Analysts led by John Davies and Geoffrey Kendrick estimate that growing stablecoin reserves could drive up to $1 trillion in new demand for short-term U.S. Treasuries (T-bills) by the end of 2028.
Stablecoins could drive $1 trillion in T-bill demand, giving Treasury room to shift issuance: Standard Chartered https://t.co/am3nobgYTm
— The Block (@TheBlock__) February 23, 2026
With stablecoin market cap projected to reach $2 trillion in the same period, issuers will need high-quality liquid assets to back their pegs, turning crypto protocols into major buyers of tokenized government debt.
Why this cluster matters now
These three developments are connected by the same underlying shift:
Governments and regulators are building the rails (Hong Kong’s tokenized bond platform). Licensed players are delivering the tools (Hashkey’s one-stop platform). Banks are quantifying the capital that will flow in (Standard Chartered’s $1T T-bill forecast).
This is coordinated infrastructure build-out plus hard demand numbers from a major global bank, not isolated pilots.
The message is clear: RWA tokenization is moving from narrative to operational reality in Asia.
Tokenized bonds and stablecoin-backed Treasuries are the first large-scale use cases where traditional finance and blockchain actually meet at scale, and the timeline is measured in months, not years.
The next test will be whether the new Hong Kong platform sees meaningful issuance volume in H2 2026 and whether other Asian hubs follow the same playbook.
But the direction is set: the plumbing for tokenized RWAs is being installed right now.
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles
With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: February 26, 2026 • 🕓 Last updated: February 26, 2026
✉️ Contact: [email protected]
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
