Hong Kong2026.09.23TokenPost

Hong Kong Crypto Regulation Expands to Stablecoins and Tokenization

• Tokens representing securities rights fall under Hong Kong's Securities and Futures Ordinance, linked to Type 1 (dealing in securities), Type 7 (automated trading), Type 4 (advising on securities), and Type 9 (asset management) regulated activities.
• Virtual asset trading platforms handling non-security tokens must obtain a Virtual Asset Service Provider (VASP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
• A single platform offering both security-token and non-security-token trading may need to hold multiple licenses simultaneously, reflecting the regulatory split between the SFC and HKMA based on asset classification.