Hong Kong Financial Services Development Council: Promote the tokenization of physical assets in 2-5 years, and improve the tokenization issuance and ...

Mars Finance reports that the Hong Kong Financial Services Development Council (FSDC) has released a concept report titled "Hong Kong's Leading Path in Capital Markets: Super-Connector - A Global Capital Hub in the Digital Age." The report proposes a strategic framework with various initiatives following a clear timeline, providing a pragmatic and actionable implementation path. It outlines the orderly expansion of tokenized assets, including: a medium-term direction of developing tokenized physical assets within 2-5 years; a long-term vision of gradually enhancing support for tokenized issuance and post-trade operations within 5-10 years; and promoting the harmonization and unification of data and compliance standards on a larger scale to further improve trading efficiency and market transparency. Simultaneously, it will accelerate the development of digital financial infrastructure, including tokenized platforms, smart contract applications, and near-instantaneous settlement systems, making Hong Kong a pioneer and demonstrator of next-generation capital market solutions.