Hong Kong Securities and Futures Commission Announces Regulatory Framework for Secondary Market Trading of Tokenized Investment Products

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ChainCatcher news: The Hong Kong Securities and Futures Commission has announced a new regulatory framework that allows tokenized investment products approved by the SFC to be traded in the secondary market, to promote the development of digital asset trading activities in Hong Kong.

The new guidelines mainly facilitate secondary market trading of tokenized open-ended funds on licensed virtual asset trading platforms, and will consider whether to allow over-the-counter trading arrangements on a case-by-case basis. By March 2026, Hong Kong has 13 tokenized products offered to the public, with the total value of assets under tokenized category share management increasing to approximately 107 billion yuan. The first batch of products is expected to be mainly tokenized money market funds. The new measures cover fair pricing, orderly trading, liquidity provision, and information disclosure.

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