The Hong Kong Securities and Futures Commission is finalizing the regulatory framework for digital asset trading and custody services

The CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that Hong Kong is committed to building a safe and reliable digital asset platform and is finalizing the regulatory framework for digital asset trading and custody services, which will be the last two pieces of the regulatory "puzzle" to establish a robust digital asset ecosystem.

The adoption of tokenized financial products in Hong Kong is increasing, such as green bonds, money market funds recognized by the Hong Kong Securities and Futures Commission, and retail gold products. The market size of related tokenized products in Hong Kong is approximately 3 billion USD.