The Zhitong Finance App learned that the Hong Kong Monetary Authority and the Hong Kong Securities Regulatory Commission jointly held a seminar on November 11, focusing on the Ensemble project and investment products approved by the Tokenization Securities Regulatory Commission. The seminar attracted about 200 financial industry participants to exchange views on promoting the development of Hong Kong's tokenization ecosystem and promote industry cooperation.
The seminar was held at the Office of the Securities Regulatory Commission and coincided with a series of recent developments in the Hong Kong tokenization ecosystem, including the recent launch of the world's first 24-hour secondary market trading of public tokenized funds on a licensed virtual asset trading platform, and the introduction of new features to support 24/7 settlement of interbank tokenized deposits.
Based on these latest developments, the seminar discussed a number of topics, including: opportunities brought by tokenization to secondary market transactions and corporate treasury management; financial infrastructure optimization measures to support payment and liquidity management; the role of virtual asset trading platforms in promoting tokenized fund transactions and providing liquidity; and examples that help accelerate the wider application of tokenized currencies and tokenized investment products.
Wu Jiali, executive director of the Investment Products Division of the Securities Regulatory Commission, said that the development of tokenization in Hong Kong is moving from a trial stage to commercial application. The next phase will focus on integrating tokenized investment products, digital currency, and financial infrastructure to achieve circulation and drive practical application. She said that industry opinions and cooperation are the key to planning the future direction and turning opportunities into actual commercial applications.
Assistant Chief Executive Officer (Financial Infrastructure) of the HKMA said that with advanced financial market infrastructure and increasingly diverse digital currency options and tokenized investment products, Hong Kong is well equipped to seize the opportunities brought by the tokenization era. These capabilities are important public assets that support the continued development of the tokenized ecosystem. The HKMA will continue to work closely with the Securities Regulatory Commission to create a sound development environment and promote responsible innovation in the tokenization sector.