Hong Kong’s government today released its second policy statement on digital asset development, outlining plans to broaden both the range of real world assets (RWA) eligible for tokenization and their applications. The territory aims to establish regular sovereign digital bond issuances after successfully conducting the world’s largest such offerings.
“The Policy Statement 2.0 sets out our vision for DA development and showcases the practical use of tokenisation through application, with a view to boosting the diversification of use cases,” said Financial Secretary Paul Chan.
The government plans to introduce legislation governing digital asset dealers and custodians, with the Securities Futures Commission (SFC) serving as primary regulator. Banks conducting these activities will remain under Hong Kong Monetary Authority (HKMA) oversight.
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