Cai Fengyi: The Hong Kong Securities and Futures Commission will issue guidance on the tokenization of authorized investment products, which will, in principle, allow primary trading

2023-09-27 13:55:02

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ChainCatcher news, Hong Kong Securities and Futures Commission (SFC) Executive Director of the Investment Products Division, Ms. Choi Fung-yee, pointed out in her keynote speech at the 2023 Bloomberg Buy-Side Forum that the SFC has recently received proposals for the tokenization of SFC-authorized products in the area of retail investment products.

Ms. Choi stated, "The SFC is currently developing more detailed guidelines for the tokenization of SFC-authorized investment products and will release them in the short term. In principle, at this stage, it is more appropriate to first allow primary trading of SFC-authorized products, while secondary trading on Virtual Asset Trading Platforms (VATP) requires more cautious and careful consideration."

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