The Hong Kong government published its second important policy statement on digital assets, underlining its promise to establish the region as a global center for the industry and saying that it plans to establish a regulatory regime that place the center of risk management and investor protection.
The framework will be supervised by the stock exchange and futures commission and will apply to custodians, digital asset services providers, exchanges and stablecoins, the government said Thursday. Public consultations about license regimes will begin shortly, he said.
Hong Kong has been making movements in recent years to strengthen his position in the industry, and the statement is based on an earlier pronouncement of 2022, when he said he was “ready to get involved” with the participants. In December, he granted licenses to four encryption exchanges, and last month he approved a law that allows him to licent Stablecoin emitters from August 1.
Financial Services and the Treasury Office (FSTB) and the monetary authority of Hong Kong will also review the legal regime in The token of real world assets (RWAS) And financial instruments, said the government. The review will analyze the emissions and transactions of tokenized bonds. The government is considering the practical use of tokenization more how to diversify the cases of use, said financial secretary Paul Chan in the statement.
Around the world, RWA’s token has grown by 380% in just three years and reached $ 24 billion this month, according to a report of the first half of 2025 of Redstone, Gauntlet and Rwa.xyz.
“The Government will regularize the issuance of tokenized government bonds and will encourage RWAS token to improve liquidity and accessibility through, among other initiatives, clarifying the timbre tax treatment for negotiated funds in the tokenized stock market. (ETF)“The Government said. It also welcomes the secondary trade of the market of these ETF tokenized on licensed trade platforms.
Nations worldwide such as the United Kingdom, the United States, South Korea and Pakistan are establishing their regimes for cryptographic companies as interest in the sector continues to grow. The rules of the European Union for industry, markets in cryptographic assets (Mica) The legislation was published in 2023 and entered into force last year.
