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Key with you:
- The new Hong Kong policy assigns the crypto license obligations SFC and HKMA based on the type of entity.
- Tokenized government bonds will become a regular offer and wider classes of asset focused on tokenization.
- Industry leaders say the plan provides a clearer way for RWA token and financing in financial markets.
Financial Services and Ministry of Finance (FSTB) Hong Kong published his Declaration of Policy 2.0 on the development of digital assets 26 June will outline further steps to formize and expand its regulatory framework of digital asset.
The declaration proposes to assign the Securities and Futures Commission as the main office for licensing providers of trading with digital assets and custody providers, while the Hong Kong Currency Office will supervise these activities if carried out by banks.
Hong Kong to start uniform Krypto licensing
The government said the new unified structure should make supervision and reduce regulatory gaps across digital assets.
Tax incentives and policy support will also be extended to tokenized products. Hong Kong will launch regular issuance of tokenized government bonds and expand their efforts to facilitate the tokenization of assets across sectors, including ETF, commodities and renewable energy.
The document stated that the legal review will examine the rules of settlement and registration to support a wider acceptance.
Stablecoin The Regulation is scheduled for the validity of 1 August 2025, with the framework includes reserve requirements, purchase and risk management principles. The authorities also welcomed proposals for government use of licensed stablecoins in payment processes.
The plan dealt with the development of talents and international engagement. Cyberport will launch a financial program for projects of blockchain and digital assets, and universities are expected to deepen partnerships with industry to provide training and applied research. The government also plans to promote supervision and coordinate with foreign regulators to improve cross -border enforcement.
Hong Kong will double the web3 with the issue of the Development Development Development 2.0.
Chairman of the Hashkey Group Dr. Xiao Feng will break it: From Stablecoins and RWA to adhere to the global scale-de-phase, it is here.
https://t.co/jjk4tyslov pic.twitter.com/YT0HF9CGTN
– Hashkey Group (@Hashkeygroup) June 26, 2025
Extension of the tokenization framework
FSTB said that this policy would be introduced through the “jump” structure (legal reform, expanding tokenized products, cases of applied use and development of people and partnerships) aimed at inserting digital assets into a wider economy while maintaining regulatory control.
“It offers a clearer and more secure regulatory framework and political direction on the development of Da ecosystem, including a strong emphasis on Stablecoin and other tokenization projects such as RWA, tokenized funds and their across sectoral applications,” said Tian Gan, Chinese CEO (Hong Kong).
By binding tokenization to state functions, such as issuing bonds and payments, Hong Kong uses public policy to form how digital assets are accepted, tested and modified across sectors.
Frequently asked questions (FAQ)
Could this new framework encourage companies of digital assets to move to Hong Kong?
Regulatory clarity associated with financing programs and potential tax incentives can appeal to companies looking for a more structured environment in Asia.
What role does the tokenized ETF and commodities play in the long -term Hong Kong strategy?
By allowing tokenization of traditionally liquid assets, this policy introduces digital infrastructure to known markets that could serve as test reasons for wider acceptance.
How can international coordination affect investors’ enforcement and protection?
Participation in Hong Kong in standard bodies and agreements on bilateral cooperation could help establish enforceable standards for the behavior of digital assets across jurisdictions.
Contribution New Hong Kong Roadmap proposes united licenses for Crypto He appeared for the first time Cryptonews.
