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

The Hong Kong Securities and Futures Commission announced a new regulatory framework today to drive the secondary market trading of investment products recognized by the Securities and Futures Commission in Hong Kong. This move aims to promote the long-term development of digital asset trading activities in Hong Kong and support further growth of the ecosystem. The initial products expected to be introduced are tokenized money market funds. The Commission will review the operation of these products and may consider expanding the range of products in due course.