TechFlow reports on November 6, according to Ledger Insights, the Hong Kong Exchanges and Clearing Limited (HKEX) announced plans to launch a network platform based on distributed ledger technology (DLT) and smart contracts in 2025 to automate the issuance and redemption processes for exchange-traded products (ETPs). The plan is subject to regulatory approval.
Data shows that Hong Kong's ETP market has achieved an average annual growth rate of 29% since 2020, with this year's average daily trading volume reaching HK$17.9 billion (approximately USD 2.3 billion). HKEX previously launched the HKEX Synapse settlement platform in 2023, which adopted Digital Asset's DAML and Canton technologies.
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