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The Hong Kong Treasury and the Monetary Authority will lead a comprehensive legislative review to sort out the various processes involved in the issuance and trading of tokenized bonds

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2025-06-26 05:53:07
The Hong Kong Special Administrative Region Government today released the "Hong Kong Digital Asset Development Policy Declaration 2.0". The declaration mentions that the government is building a unified and comprehensive regulatory framework for digital asset service providers, covering digital asset trading platforms, stablecoin issuers, digital asset trading service providers and digital asset custody service providers. Among them, the Securities and Futures Commission (SFC) will act as the main regulator for the future licensing mechanism for digital asset trading service providers and digital asset custody service providers. At the same time, the Financial Services and the Treasury Bureau (FB) and the HKMA will lead a comprehensive legislative review to promote the tokenization of real-world assets and financial instruments. The review will comprehensively review the various processes involved in the issuance and trading of tokenized bonds, including but not limited to settlement, registration, and recording requirements.
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