China and Hong Kong Stocks Gain After Tokenization Legal Framework Announced
Authorities introduced a regulatory structure for tokenization, boosting market confidence in asset-related equities in both mainland China and Hong Kong.
Summary
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Terms & Concepts
Tokenization: The process of converting ownership rights to an asset into a digital token on a blockchain.
Legal Framework: A structured set of laws and regulations governing a specific activity, such as tokenization and digital assets.