Yesterday the Hong Kong Monetary Authority (HKMA) provided an update on the city’s wealth management statistics. Total assets under management grew by 13% to reach HK$35 trillion by the end of 2024. The update included digital assets and tokenized asset transaction volumes processed by banks, which reached HK$26.1 billion (US$3.3 billion) in the first half of 2025.
The volumes represent year-on-year growth of 233%, and is already larger than 2024’s total. The regulator said it has authorized 22 banks to engage in digital assets and 13 banks for tokenized securities. Five are providing digital asset custody.
The HKMA expects growth to continue, with several institutions announcing plans for tokenized funds combined with the government’s support for digital bonds. It plans to expand its own digital issuance program and provides grants to offset digital bond issuance costs.
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