Amitoj Singh is CoinDesk's regulatory reporter covering India. He holds BTC and ETH below CoinDesk's disclosure threshold of $1,000.
Hong Kong is set to allow primary dealing of tokenization by providing more guidance on tokenized securities-related activities, the Securities and Futures Commission
The move appears to be another step in Hong Kong’s recently accelerated ambitions to become a virtual asset hub. It implemented a new regulatory regime in June, accepting applications for crypto trading platform licenses, and granted the first set in August, allowing exchanges to serve retail customers.
“SFC has been assessing various proposals on tokenization of SFC-authorised investment products, for example, some for primary dealing of a tokenized product and some for secondary trading of a tokenized product on an SFC-licensed virtual asset trading platform,” the SFC said.
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