The Hong Kong Securities and Futures Commission and Hong Kong Monetary Authority convened more than 200 financial sector stakeholders to discuss commercial uses of tokenisation. Discussions covered secondary trading, corporate treasury management and infrastructure for payments and liquidity. The seminar followed the launch of 24/7 tokenised fund trading and Ensemble TX’s addition of 24/7 interbank settlement for tokenised deposit transactions.
Policy & regulationImplementation, projects & pilotsTokenizationPayments and payment systemsCBDC
The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) hosted a seminar for more than 200 financial sector stakeholders to discuss commercial applications of tokenisation in secondary trading and corporate treasury management. Participants examined how licensed virtual asset trading platforms could support tokenised fund trading and liquidity, alongside financial infrastructure enhancements for payments and liquidity management.
The seminar followed the start of 24/7 secondary trading in two SFC-authorised tokenised money market funds on a licensed virtual asset trading platform on Oct. 26, 2026. Ensemble TX, the pilot phase of Project Ensemble, subsequently added 24/7 interbank settlement of tokenised deposit transactions in tokenised central bank money on Nov. 2, 2026. Speaking at the seminar, SFC Executive Director of Investment Products Elisa Ng identified connecting tokenised investment products, digital money and financial infrastructure as the next step in translating these capabilities into practical commercial applications.
The Hong Kong Securities and Futures Commission (SFC) has approved 24/7 secondary trading of two existing tokenised money market funds on a licensed virtual asset trading platform. Trading has begun under its April 2026 pilot framework, which sets safeguards for pricing, liquidity and investor disclosure. The SFC will monitor activity before…
2026-04-20 Hong Kong Securities & Futures Commission Hong Kong
The Hong Kong Securities and Futures Commission has issued guidance establishing a regulatory framework to pilot secondary trading of tokenised SFC-authorised investment products, initially focused on tokenised open-ended funds on SFC-licensed virtual asset trading platforms. It aims to broaden regulated secondary-market access for retail…
2025-11-03 Hong Kong Securities & Futures Commission Hong Kong
The Hong Kong Securities and Futures Commission issued circulars for SFC-licensed virtual asset trading platforms to enhance global liquidity and expand offerings under its ASPIRe roadmap. The shared liquidity framework allows order matching across affiliated platforms with risk management safeguards. Platforms can also offer trading in virtual…