Hong Kong tokenized retail products AUM jumps nearly sixfold to HK$10.8 billion

The SFC’s 2025-26 report also showed ETF and leveraged product turnover rose 50.6% to HK$38.1 billion as broader market fundraising and trading activity strengthened.

Summary

Hong Kong’s Securities and Futures Commission, or SFC, said tokenized investment products gained momentum in 2025-26, with assets under management of 13 authorized retail products climbing nearly sixfold from a year earlier to HK$10.8 billion as of March. The regulator’s annual report also showed the total market value of 11 virtual asset spot ETFs rose to HK$4.3 billion, up 90% since their 2024 launch, while 12 licensed virtual asset trading platforms recorded 125% turnover growth over the year. Broader market activity also accelerated: average daily turnover of authorized ETFs and leveraged and inverse products rose 50.6% year on year to HK$38.1 billion by the year ended March 2026, total market capitalization increased 25.2% to HK$651.2 billion, and assets under management of Hong Kong-domiciled funds climbed 19.4% to HK$2.3 trillion. Post-listing fundraising rose 18% to HK$259.0 billion, IPO fundraising surged 272% to HK$379.0 billion, and average daily market turnover increased 54% to a record HK$258.0 billion.

Terms & Concepts
  • tokenized investment products: Traditional investment products issued as digital tokens.
  • assets under management: The total value of assets overseen by a fund or investment product.
  • virtual asset spot ETFs: Exchange-traded funds that hold virtual assets at spot prices.