The Hong Kong Securities and Futures Commission (SFC) plans to allow VATP to provide secondary trading of tokenized securities for retail investors.

According to Mars Finance, Lo Hoi-shi, Deputy Director of the Intermediaries Department of the Hong Kong Securities and Futures Commission (SFC), revealed that the SFC is considering allowing licensed Virtual Asset Platforms (VATPs) to offer secondary trading of tokenized securities to retail clients, with a focus on local tokenized money market funds and the aim of allowing them to trade on licensed VATP platforms. Currently, the regulator is studying the relevant requirements, operational risks, and control measures, and is drafting a related circular. Lo Hoi-shi stated that from the SFC's perspective, tokenized securities are essentially the same as ordinary securities, only with added technical aspects, and are subject to "the same business, the same risks, and the same rules."