The Hong Kong Securities and Futures Commission allows tokenized products to be bought and sold in the secondary market.

On April 20th, the Hong Kong Securities and Futures Commission announced a new regulatory framework to promote secondary market trading of tokenized investment products recognized by the Hong Kong SFC within Hong Kong. It is understood that this move aims to promote the long-term development of digital asset trading activities in Hong Kong and support the further flourishing of the ecosystem. Under the new arrangement, tokenized open-ended funds recognized by the Hong Kong SFC can conduct secondary market trading on licensed virtual asset trading platforms, and regulated services accessible to retail investors are further expanded. The Hong Kong SFC also stated that it will consider allowing over-the-counter secondary market trading on a case-by-case basis. (Daily Economic News)

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