Hong Kong Digital Assets: Proposal to Shift from Regulation to Product Development
Duncan Chiu, a Hong Kong Legislative Council member, proposed 'PIC' — Product, Infrastructure Interoperability, and Connect — as the industry's next set of priorities.
He argued that merely creating a rulebook or product does not automatically generate market activity, stressing the need to actually build usable financial products.
Key products cited include stablecoins, tokenized bonds, and real-world assets (RWA), with an open question on which products should be offered to retail investors versus restricted to institutional investors.