Hong Kong raised the equivalent of $1.3 billion from a new multi-currency offering of "digitally native" green bonds, stepping up its push to establish itself as a global hub for digital assets, Bloomberg News reported, citing people familiar with the matter.

The issue marks the city's third digital bond issuance since 2023, the report added.

The new bonds, issued and cleared via a distributed ledger technology (DLT) platform provided by HSBC (HKG:0005), will finance or refinance projects under Hong Kong's green bond framework, Bloomberg said.

Digital bonds reportedly use blockchain technology for issuance, trading, and settlement.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)