Hong Kong Exchanges and Clearing Limited (HKEX) is planning a pilot program in 2027 to test the use of tokenized commodity warehouse receipts as collateral for financing arrangements, according to the exchange operator's announced initiative. The pilot will leverage distributed ledger technology (DLT) to digitize warehouse receipts, which are documents proving ownership of stored commodities

Published Date Oct 23, 2026 We have advised Spuerkeess in connection with Luxembourg’s EUR1.7 billion DLT-native sovereign benchmark bond, one of the first issuances of its kind in Europe. The landmark ten-year transaction represents a major step in the development of digital capital markets in Luxembourg and Europe, demonstrating how distributed ledger technology (DLT) infrastructure

Verena Ross, chair of the European Securities and Markets Authority (ESMA), argues that Europe must enable tokenised markets to operate safely across borders at scale. Ross proposes a common EU framework, called DLT28, that could reduce fragmentation and support an integrated market for tokenised securities. Ross argues that investor protection and stronger cyber resilience remain

The Digital Asset Co-Creation Consortium, for which Progmat serves as secretariat, has published an interim report on tokenized Japanese government bonds and on-chain repo transactions. Its main proposal would preserve the legal nature of existing book-entry transfer government bonds while managing them 24/7 through on-chain management accounts synchronized with DLT, with live sandbox testing on