Hong Kong Financial Secretary: Study on the applicability of existing legislation to tokenized bonds is underway.
TL;DR
Hong Kong's Financial Secretary announced a joint study on applying existing laws to tokenized bonds to boost bond market tokenization. Details will be released in H1 2025, with regulators also enhancing digital asset rules to support industry growth.
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According to Foresight News , Christopher Hui, Secretary for the Financial Services and the Treasury of Hong Kong, stated in his address at the Fintech Foresight Seminar and the 01 Fintech Excellence Awards 2025 today that the Financial Services and the Treasury and the Hong Kong Monetary Authority are jointly advancing a study on the applicability of existing legislation to tokenized bonds, aiming to promote the adoption of tokenization technology in the Hong Kong bond market. Details will be announced in the first half of next year. Furthermore, financial regulators regularly review and optimize the regulatory framework for digital assets. For example, the Hong Kong Securities and Futures Commission issued two new circulars earlier this month, allowing licensed virtual asset trading platforms to share their global listing registers with their overseas affiliates, enabling local investors to more effectively utilize global market liquidity and expanding the range of products and services that virtual asset trading platforms can offer for various types of digital assets, thus facilitating industry development.