The Hong Kong Securities and Futures Commission has announced a new regulatory framework allowing tokenized SFC-authorized investment products to be traded on the secondary market.

Techub News reports that the Hong Kong Securities and Futures Commission has announced a new regulatory framework to facilitate the secondary market trading of tokenized SFC-authorized investment products (tokenized products) on a pilot basis in Hong Kong. This initiative aims to promote digital asset trading activities in Hong Kong in the long term and support the further flourishing of the ecosystem. The first batch of products is expected to primarily consist of tokenized money market funds. The SFC will review the operation of these products and consider expanding the product scope in due course.