The Hong Kong Securities and Futures Commission (SFC) announced on the 20th a new regulatory framework that provisionally allows secondary market trading of tokenized SFC-authorized investment products. This measure aims to activate digital asset trading in Hong Kong and support the development of related ecosystems, with tokenized money market funds (MMFs) expected to be the first target products. The SFC plans to review the operational status of these products and consider expanding the scope of eligible products at an appropriate time.
