Hong Kong’s government released its second major political statement about digital assets, emphasized his promise to set up the region as a global hub for the industry and said it plans to establish a regulatory regime that sets risk management and investor protection center.
The framework will be monitored by the Securities and Futures Commission and applicable to the depot, digital asset service providers, exchanges and stablecoins, the government said on Thursday. Public consultations on the licensing regimes start soon, says it.
Hong Kong has made movements in recent years to strengthen its position in the industry, and the statement is based on a previous statement from 2022 when it said it was “ready to engage” with the participants. In December, it awarded Licenses to four crypto exchanges, and last month passed a law that allows it to licenses stableecoin issuers from August 1st.
The Financial Services and Treasury Bureau (Fstb) And Hong Kong Monetary Authority will also review the legal regime Tokenization of assets in the real world (Rwas) And financial instruments, the government said. The review will look at tokenized bond issues and transactions. In particular, the government is looking at the practical use of tokenization plus how to diversify use cases, said Finance Secretary Paul Chan in the statement.
Worldwide, RWA-tokenization has grown by 380% in just three years and reached $ 24 billion this month, according to a first half 2025 report from Redstone, Gauntlet and Rwa.xyz.
“The government will regulate the issuance of tokenized government bonds and incentive the tokenization of RWAs to improve liquidity and accessibility (ETFS)“The government said. It also welcomes the secondary market trade of these tokenized ETFs on licensed trading platforms.
Nations across the globe such as UK, USA, South Korea and Pakistan create their regimes for cryptic businesses as interest in the sector continues to grow. The European Union’s rules of the industry, the markets of crypto assets (Glitter) Legislation was published in 2023 and came into force last year.
