Hong Kong Securities and Futures Commission

Guotai Junan International announces the layout of tokenized securities business

ChainCatcher news, Guotai Junan International stated that, according to the Hong Kong Securities and Futures Commission's "Circular on Intermediaries Engaging in Activities Related to Tokenized Securities," relevant business plans for "Tokenized Securities Distribution Business" and "Digital Bond Issuance Business" have been submitted and confirmed by the regulatory authority with no further issues.It pointed out that Guotai Junan International submitted a wealth management-related business plan to the Hong Kong Securities and Futures Commission on January 21, 2025, intending to distribute tokenized securities to clients or provide advice on tokenized securities based on its existing securities trading. The types of tokenized securities covered in the plan include: structured products linked to multiple underlying assets (such as structured notes, over-the-counter derivatives), funds recognized by the Securities and Futures Commission and non-recognized funds, as well as bonds. The Hong Kong Securities and Futures Commission issued a confirmation email on May 7, 2025, stating that there are no further issues with the plan.At the same time, Guotai Junan International submitted a digital bond issuance business plan to the Hong Kong Securities and Futures Commission based on its existing bond issuance business, indicating that it will be capable of serving as an overall coordinator, syndicate capital market intermediary, or "delivery agent" in future digital bond issuance projects. The Hong Kong Securities and Futures Commission confirmed on April 2, 2025, that there are no further issues with this plan.

The Hong Kong Securities and Futures Commission has approved virtual asset staking, and HashKey Exchange has been authorized to launch Ethereum ETF staking services

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) officially announced on April 7 that it has issued regulatory guidelines regarding the provision of staking services to licensed virtual asset trading platforms, as well as guidelines for SFC-recognized funds investing in virtual assets (virtual asset funds) concerning their participation in staking activities. The virtual asset exchange HashKey Exchange received approval from the Hong Kong SFC on April 10 to become one of the first exchanges in Hong Kong authorized to provide staking services.The SFC stated in the announcement, "The SFC recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment."In February this year, the SFC released the "Virtual Asset Development Roadmap" ("A-S-P-I-Re" framework) and proposed to consider expanding the range of virtual asset products under a regulatory framework, including providing staking, leverage, and lending services under clear guidelines.Terence Pu, Managing Director of HashKey Exchange, stated, "HashKey Exchange has built a staking service system that meets regulatory requirements, taking the lead in providing ETH staking services for spot ETFs, and is actively promoting staking services for all customers.This service relies on HashKey Cloud's excellent node operation capabilities to provide users with secure and compliant staking services. In the near future, investors will not only be able to hold Ethereum ETFs to earn staking returns but also hold ETH directly and earn additional returns through our staking services."
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