Hong Kong Securities and Futures Commission: Currently, RWA tokenization products are temporarily not suitable for stock trading.

According to a report by Jinse Finance, Yip Chi-hang, Executive Director of the Intermediaries Division overseeing virtual asset trading at the Hong Kong Securities and Futures Commission, stated in an interview with local media that WA accounts for less than 1% of the global Assets Under Management (AUM) for digital assets, with trading far below 1%. Currently, the RWA tokenization products on the market are mainly related to fixed income products (such as money market funds). If applied to securities trading and settlement, the delay in blockchain technology does not offer advantages over the high efficiency of traditional exchange trading and settlement systems, making it difficult to accommodate high-frequency trading, and it is temporarily unsuitable for stock trading. Yip also revealed that the Intermediaries Division of the Hong Kong Securities and Futures Commission has about 300 colleagues, of whom 50 are heavily involved in virtual asset regulatory matters, with responsibilities including licensing, AML, etc., and plans to hire external personnel to enhance work efficiency.
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