Hong Kong lawmaker proposes 2032 digital asset hub and dedicated SFC unit

  • Duncan Chiu proposed a roadmap to develop Hong Kong into an international digital-asset hub.
  • 2032 is the proposal’s target year for achieving international digital-asset hub status.
  • The plan includes an independent SFC digital-asset division, tokenization, ETFs, stablecoins, and compliance infrastructure.

Hong Kong Legislative Council technology and innovation sector lawmaker Duncan Chiu has proposed a roadmap to make Hong Kong an international digital-asset hub by 2032. The proposal, titled "3+3 Collaborative Development Blueprint: Hong Kong’s Innovative Path to Integrating with the Nation’s Future Industries," calls for early-stage investment channels for Web3 finance, a Hong Kong-style Web3 Pink Sheets platform for over-the-counter fundraising, and expanded real-world asset tokenization and tokenized stocks. It also recommends that the Securities and Futures Commission establish an independent digital-asset division, broaden use cases for crypto ETFs and Hong Kong dollar stablecoins, and build integrated regulatory and compliance infrastructure.

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