PwC: The tokenization process in Hong Kong has shifted from the proof-of-concept stage to broader market applications supported by the government

ChainCatcher news, according to official sources, Peter Brewin, the Digital Assets Partner at PwC Hong Kong, stated that the establishment of the Hong Kong Digital Bond Funding Scheme highlights that Hong Kong's tokenization process has shifted from the proof-of-concept stage to a broader market application supported by the government.

Hong Kong is rapidly advancing to become a global leader in the next-generation financial market, aiming for tokenization, instant settlement, and establishing a blockchain electronic payment system through the settlement system created by the Monetary Authority in the Ensemble project. Currently, many regions are exploring these directions, but the actual pace of development is far behind that of Hong Kong.