Hong Kong Sets Out Plan to Regulate Crypto, Encourage Tokenization

The Hong Kong government has published its second main statement on digital assets and emphasized its promise to set the region as a global center for this industry and says it plans to set up a regulatory regulatory that builds a risk management phase and investors’ protection center.

The framework will be supervised by the Securities and Futures Commission and will apply to guardians, the service providers of digital assets, stock exchange and stablecoins ,, The government said Thursday. Public consultations on licensing regimes will start soon, he said.

Hong Kong has strengthened its position in the field in recent years and the statement is being built before Statement of 2022When he said he was “ready to get involved” in the participants. In December, granted a license for four exchange of cryptoand last month passed the law that allowed him to Stablecoin license issuers from 1 August.

Financial services and the Ministry of Finance (Fstb) and the Hong Kong Monetary Office will also review the legal regime Tokenization of assets in the real world (Rwas) And financial instruments, the government said. The review will focus on tokenized issuance and transactions of bonds. In particular, the government focuses on the practical use of tokenization and on how to diversify cases of use, said financial secretary Paul Chan in his statement.

RWA tokenization worldwide increased by 380% in just three years and, according to the first half of 2025, reached $ 24 billion. from Redstone, Gauntlet and RWA.XYZ.

‘The government will regulate the issuance of tokenized government bonds and motivates RWAS tokenization to increase liquidity and availability through other initiatives to clarify the treatment of the brand for tokenized funds traded on the stock exchange (ETF)“The government has said. It also welcomes trading in the secondary market for these tokenized ETFs on trading platforms with license.

Nations around the world, such as the United Kingdom, the US, South Korea and Pakistan, establish their regimes for crypto society because the interest in this industry is growing. The rules of the European Union for this sector, markets in crypto assets (Mica) The legislation was published in 2023 and entered into force last year.