TechFlow reports that at the "FireNow" Asia Web3.0 Institutional Summit hosted by Nova Technology Holdings Limited, Vincent Hu, CFO of OSL Group, shared insights on the current development of Hong Kong's regulated licensed exchanges. He noted a significant increase in business for compliant licensed exchanges since June 1, with listed companies and fund managers from traditional finance increasingly allocating crypto assets through licensed platforms to meet regulatory and audit requirements.
He also stated that for more cryptocurrency-related products to become viable, Hong Kong’s existing regulatory framework will need corresponding adjustments. Currently, Japan and South Korea offer a wider range of product types under their regulatory regimes, which should serve as a key focus for Hong Kong’s next phase of development. Furthermore, Hong Kong has already conducted numerous experiments in RWA (real-world asset tokenization) and STO (security token offerings), attracting strong interest from many intermediaries. This represents an area of immense potential, yet its further growth requires a clearer and more defined regulatory framework.
