Big Moves in Hong Kong's Web3: The Tokenized Fund Secondary Market is Officially Open!
The SFC just dropped a massive new regulatory framework, pushing Hong Kong into a 'trader-friendly' new phase.
24/7 Trading is Here: Traditional securities (initially focusing on money market funds) can be tokenized and traded directly on licensed exchanges, with no downtime even on weekends and nights.
Retail Investors Can Join the Game: It's not just for institutions anymore; retail investors can also participate in the secondary market through licensed platforms, massively boosting liquidity expectations.
Safety First: You can't just use any unrestricted public chain for now; it has to be a 'permissioned' structure. Smart contracts, cybersecurity, and audits are a must.
Ambitions Don’t Stop Here: Starting with money market funds, the future will expand to stocks, bond funds, and even ETFs, plus linking with Project Ensemble to pilot tokenized deposits and green bonds.
Hong Kong is becoming the world's first financial center to provide a complete trading loop for tokenized funds. RWA is no longer just a chain-side hype, but is truly integrated into a compliant secondary market.
#香港 #RWA #代币化 #SFC