Hong Kong
Odaily
Hong Kong Plans to Improve Virtual Asset Licensing and Tokenization Framework, Pushing Regulated Stablecoins Toward Trading
- Hong Kong authorities plan to enhance the existing virtual asset trading platform (VATP) licensing regime to improve regulatory clarity and market oversight.
- The tokenization framework will be further developed to support broader issuance and use of tokenized financial products in Hong Kong's capital markets.
- Regulators are working to enable regulated stablecoins to be listed and traded on licensed platforms, aligning with Hong Kong's Stablecoins Ordinance regime.