According to news from the Hong Kong Securities Regulatory Commission on October 26, the Hong Kong Securities Regulatory Commission has approved the world's first batch of tokenized funds to be sold to the public to conduct secondary market transactions on the Hong Kong Securities Regulatory Commission's licensed virtual asset trading platform. Two existing tokenized money market funds approved by the Hong Kong Securities Regulatory Commission have started offering round-the-clock secondary market trading today. On the basis of the Hong Kong Securities Regulatory Commission's current exchange-traded funds and VATP regulatory system, the Hong Kong Securities Regulatory Commission introduced a new regulatory framework in April 2026 to test the secondary market for tokenized funds approved by the Securities Regulatory Commission to trade on VATP licensed by the Securities Regulatory Commission. The Hong Kong Securities Regulatory Commission has set out the relevant regulations and safeguard measures for tokenized fund secondary market transactions in the circular, covering aspects such as operation of trading channels, fair pricing, and provision and disclosure of liquidity.

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