TechFlow news, August 4 — According to Jinshi Data, HKMA Chief Executive Officer Eddie Yue stated that as of mid-July 2025, 22 banks have been approved to sell digital asset-related products, 13 banks approved to sell tokenized securities, and five other banks approved to provide digital asset custody services. In the first half of 2025, the total transaction value of banks' digital asset-related products and tokenized assets reached HK$26.1 billion, a 233% increase year-on-year and already exceeding the full-year total of last year. Several asset management firms have also announced plans to launch tokenized products. Coupled with the government's active promotion of tokenized bond issuance, Hong Kong's momentum in the digital asset sector is expected to continue, bringing new impetus to the development of Hong Kong's wealth management business.
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