As Hong Kong continues its regulation of the crypto space, tokenization has become a focus, according to the chief of the city’s securities regulator.
Julia Leung, CEO of Hong Kong’s Securities and Futures Commission (SFC), said during an interview shown at DC Fintech Week Wednesday that more traditional financial institutions are experimenting with blockchain-based tokens that represent ownership of financial assets.
The SFC responded, last week publishing requirements needed to launch such tokenized products. Tokenized funds, for example, are likely to hit the market as the regulator continues discussions with industry players.
“Without the guidance, traditional finance…
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