According to Hong Kong’s SFC, a new framework will pilot secondary trading of tokenized authorized investment products, with tokenized money market funds expected to be the first products launched locally.
Hong Kong’s Securities and Futures Commission announced a new regulatory framework to pilot secondary trading of tokenized SFC-authorized investment products. The first products expected under the initiative are tokenized money market funds in Hong Kong. The regulator said it will review operations during the pilot and may later expand the scope of eligible products, adding a concrete next step to its broader virtual asset and tokenization agenda.