TechFlow news, April 7 — According to Sing Tao Headline, Mei-Yee Choy, Executive Director of Investment Products at the Hong Kong Securities and Futures Commission (SFC), revealed during the Hong Kong Web3 Festival that the SFC will issue a circular today permitting licensed virtual asset trading platforms to offer staking services, including staking for spot virtual asset ETFs. To manage risks, platforms must safeguard the staked virtual assets and set limits on the proportion of stakable spot virtual asset ETFs.
Choy stated that Hong Kong has become the largest virtual asset ETF market in the Asia-Pacific region. The SFC is expanding the range of eligible virtual assets; beyond Bitcoin and Ethereum, more virtual assets now meet the criteria for retail trading, paving the way for greater diversification of ETF products. Additionally, Hong Kong has launched various tokenized asset products, including structured notes, warrants, and tokenized gold products.
