This week, Hong Kong regulators jointly met with operators in the security token sector to encourage Hong Kong as a fintech destination for compliant security token offerings (STOs). To date, just one platform has been licensed, OSL, which issued its own security token in July.
The regulators learned that there’s a pipeline of ten issuers interested in proceeding with blockchain-based securities issuances.
The joint regulatory move was by the Hong Kong treasury department, the Securities and Futures Commission (SFC) and Invest Hong Kong (InvestHK). Fintechs interested in getting involved in security token offerings (STOs) were encouraged to engage with the SFC.
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