Deloitte: The Hong Kong government is actively promoting tokenization towards normalization. The next step is expected to explore more application scenarios in the sandbox.

According to the China Hong Kong Digital Assets Manager of Deloitte, Lv Zhihong, as reported by the Wisdom Financial APP, the policy address pointed out that the Hong Kong Monetary Authority will continue to promote the Ensemble project and the tokenization of bonds as a normal practice. This shows that the government is actively promoting the normalization of tokenization from a pilot phase. He pointed out that with the gradual normalization of tokenization of bonds, the next step is expected to explore more application scenarios in the sandbox, including trade financing and fund distribution, to strengthen the promotion of Hong Kong as a demonstration market in the global trend of RWA tokenization, and further deepen and diversify the capital market.