Sifang Jingchuang: Plans to develop more non-local token issuances in conjunction with Hong Kong compliance regulations

ChainCatcher news, Chen Yaowen, Chief Digital Officer and Financial Technology Innovation Director of the A-share listed company Sifang Jingchuang, stated in an interview that Hong Kong can play a pivotal role in tokenization and the subsequent secondary market in the future, by building a solid financial infrastructure. Sifang Jingchuang can develop more non-local token issuance under the compliance regulations of Hong Kong.

Chen Yaowen added that currently, Sifang Jingchuang has developed solutions in the field of virtual asset applications that are integrated with banking applications and connected to banking systems such as East Asia Bank, which can facilitate tokenization operations. This will enable the banking industry to accelerate the adoption of related technologies for handling the issuance, custody, and payment of security token offerings (STO).