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Hong Kong Securities and Futures Commission announces new regulatory framework allowing tokenized investment products approved by the SFC to be bought and sold in the secondary market
Golden Finance reports that on April 20th, the Hong Kong Securities and Futures Commission announced a new regulatory framework today, promoting the pilot trading of tokenized investment products approved by the SFC (tokenized products) in the secondary market in Hong Kong. This aims to promote the long-term development of digital asset trading activities in Hong Kong and support the further thriving of the ecosystem. The first batch of products is expected to mainly include tokenized money market funds. The Hong Kong SFC will review the operation of these products and will consider expanding the scope of products in due course.