The Hong Kong Securities and Futures Commission is finalizing the regulatory framework for digital asset trading and custody services.
ChainCatcher news, Hong Kong Securities and Futures Commission CEO Julia Leung stated that Hong Kong is committed to building a secure and reliable digital asset platform. The final regulatory framework for digital asset trading and custody services is being finalized, which will be the last two regulatory "pieces" needed to establish a robust digital asset ecosystem.
Hong Kong is seeing increasing adoption of tokenized financial products, such as green bonds, SFC-recognized money market funds, and retail gold products. The market size of related tokenized products in Hong Kong is approximately $3 billion.
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