The Hong Kong Securities and Futures Commission plans to allow VATP to provide secondary trading of tokenized securities for retail investors

Odaily Planet Daily reports that the Hong Kong Securities and Futures Commission (SFC) Deputy Director of Intermediary Institutions, Luo Haishi, revealed that they are considering allowing licensed virtual asset platforms (VATPs) to facilitate secondary trading of tokenized securities for retail clients. The focus is on local tokenized money market funds, and they hope to enable trading on licensed VATP platforms. Currently, regulators are studying related requirements, operational risks, and control measures, and are drafting relevant circulars. Luo Haishi stated that from the perspective of the Hong Kong SFC, tokenized securities are essentially the same as ordinary securities, with the only difference being the technological layer, applicable to “the same business, the same risks, and the same rules.” (Hong Kong Economic Daily)