Blockchain Bonds and Tokenized Debt Markets Enter China’s Financial Mainstream

China’s financial landscape is witnessing a rapid shift as blockchain bonds and tokenized debt instruments move from experimental pilots to regulated mainstream products. The People’s Bank of China (PBoC), in partnership with major state banks and fintech platforms, is integrating distributed ledger technology

Blockchain Bonds: China’s Experiment in Digital Debt

China is reshaping its capital markets through a new financial instrument, blockchain-based bonds. These “digital bonds” are being tested across pilot zones in Beijing, Shanghai, and Shenzhen to modernize debt issuance, settlement, and auditing. According to Bloomberg and SCMP, China’s central bank and