Chief Executive John Lee highlights tokenized deposits, bond issuance, and expanded digital asset regulation, signaling Hong Kong’s push toward institutional adoption and regulatory clarity in the crypto sector.
Hong Kong Chief Executive John Lee announced that the Hong Kong Monetary Authority will promote tokenized deposits, real tokenized asset trading, and normalize government tokenized bond issuance. Regulatory sandboxes will support banks in risk management. The city is implementing a stablecoin issuer regime and drafting legislation to license digital asset trading and custody services. The Securities and Futures Commission is considering expanding permissible digital asset products for professional investors, while tax authorities work to strengthen cross-border cooperation against evasion. This complements earlier plans to introduce stablecoin auditing guidelines within one to three years, alongside high demand for licenses under the Stablecoin Ordinance.