Hong Kong to Pilot Tokenized Commodity Warehouse Receipts for Collateral Financing in 2027
HKEX plans to pilot DLT-based tokenization of commodity warehouse receipts for collateral financing starting in 2027, in partnership with designated banks.
Christopher Hui, Hong Kong's Secretary for Financial Services and the Treasury, said tokenization policy is shifting from experimentation to real-world application.
Hui highlighted Hong Kong's fintech ecosystem of about 1,400 firms, including 8 virtual banks, 4 virtual insurers, and 12 licensed virtual asset trading platforms, as the backdrop for this initiative.