Hong Kong Securities and Futures Commission: Will promote the trading of tokenized funds on virtual asset trading platforms

ChainCatcher news, according to the Hong Kong Economic Journal, the current Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Choi Fung-yi, has announced that the SFC will implement several optimization measures in the future, including promoting the trading of tokenized funds on Virtual Asset Trading Platforms (VATP), and the Hong Kong Stock Exchange's fund platform will also enhance payment and settlement functions.

Choi Fung-yi stated that the secondary market trading of tokenized funds requires more institutional or risk prevention measures. Discussions are currently underway with fund companies and relevant trading platforms to determine appropriate measures. Recently clarifying that secondary market transactions of tokenized funds are exempt from stamp duty will help advance secondary market trading.