Hong Kong’s Securities and Futures Fee Points Digital Asset Tokenization Guidelines
The Hong Kong Securities and Futures Fee (SFC) has issued two circulars explaining laws regarding digital asset tokenization.
The Hong Kong Securities and Futures Fee (SFC) has issued two circulars explaining laws regarding digital asset tokenization. The circulars present suggestions for tokenized securities intermediaries and supply necessities for tokenizing approved funding merchandise.
Tokenized securities are thought-about equal to conventional securities by the SFC, and are topic to the identical authorized and regulatory obligations.
Tokenized safety choices should observe the Corporations Ordinance’s Prospectus Regime in addition to the Securities and Futures Ordinance.
Intermediaries offering recommendation, sustaining tokenized cash, and permitting secondary market buying and selling on digital asset platforms should observe present conduct tips. The SFC’s choice comes as Hong Kong investigates tokenization, following the Hong Kong Financial Authority’s problem of the world’s first tokenized inexperienced bond earlier this 12 months.
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