🌋 Hong Kong Explores Tokenization of Investment Products
postedΒ 6 Nov 2023
The Hong Kong Securities and Futures Commission (SFC) has released a circular outlining the requirements for the potential tokenization of investment products.
The
national regulatory body acknowledges the market's demand for
tokenization, which can boost product efficiency and cut operational
costs by reducing reliance on intermediaries.
Simultaneously,
the SFC calls for increased vigilance and thorough examination of
secondary market activities involving tokenized investment products.
Critical
considerations encompass the necessity for accurate and immediate token
ownership recording, the readiness of trading infrastructure and market
participants to sustain liquidity, and the commitment to maintaining
fair pricing standards.
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