The Hong Kong Inland Revenue Department has clarified that the buying, selling, or transferring of tokenized ETF shares or units is exempt from stamp duty

ChainCatcher news, the Hong Kong Inland Revenue Department has clarified that the buying, selling, or transferring of tokenized ETF shares or units on licensed digital asset trading platforms or other platforms in Hong Kong is exempt from stamp duty.

In addition, Hong Kong is promoting the implementation of a licensing mechanism for digital asset trading service providers and digital asset custody service providers. It is hoped that after the Legislative Council elections in December this year, relevant legal provisions can be submitted to the Legislative Council for review next year. According to the Secretary for Financial Services and the Treasury, Christopher Hui, Hong Kong will first implement the Hong Kong dollar stablecoin, with the first batch of licenses expected to be issued according to the original schedule in early 2026.