#HongKong Accelerates Real-World Asset #Tokenization With New Digital Assets Framework


Hong Kong has unveiled Policy Statement 2.0, outlining expanded support for real-world asset tokenization and crypto licensing regimes.


The territory plans to clarify tax rules for tokenized #ETFs and enable secondary market trading on crypto exchanges.


Hong Kong's Securities and Futures Commission will oversee upcoming licensing for digital asset dealers and custodians.


The government aims to tokenize assets across various sectors, including precious metals and renewable energy, to boost #liquidity.


The new framework builds on Hong Kong's 2022 crypto policy, which established exchange licensing and stablecoin issuer regulations.


The stablecoin licensing regime officially launches on Aug. 1 following Legislative Council approval in May.


Finance Secretary Paul Chan emphasized #blockchain's potential for "more efficient financial transactions at lower cost."


OSL Group's Eugene Cheung called the cross-departmental approach "a significant step toward establishing the city as a global leader in digital asset innovation."


The policy includes public consultations on digital asset dealing and custody service provider licensing coming soon.

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June 26, 2025 at 1:27 PM
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