TechFlow News: On April 20, the Securities and Futures Commission (SFC) of Hong Kong announced a new regulatory framework permitting secondary-market trading of SFC-authorized investment products that have been tokenized, to promote the development of digital asset trading activities in Hong Kong. The new guidance primarily facilitates secondary-market trading of tokenized open-ended funds on licensed virtual asset trading platforms and will consider over-the-counter (OTC) trading arrangements on a case-by-case basis.
As of March 2026, Hong Kong has launched 13 tokenized products to the public, with the total assets under management (AUM) of tokenized share classes rising to approximately HK$10.7 billion. The first batch of products is expected to consist mainly of tokenized money market funds. The new measures cover fair pricing, orderly trading, liquidity provision, and disclosure of information.
