Hong Kong’s Bold Crypto Vision: Stablecoins, Tokenized Bonds, and Beyond
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Hong Kong is accelerating its digital asset ambitions with a sweeping new policy, placing stablecoins and tokenization at the core of its fintech future.
The “LEAP” framework—emphasizing legal clarity, ecosystem growth, and real-world use cases—signals a major step beyond its 2022 roadmap.
Highlights include:
✔ Mandatory licensing for stablecoin issuers (effective Aug. 1)
✔ SFC-regulated digital asset trading & custody
✔ Tokenized government bonds & ETFs with tax clarity
✔ Broader RWA adoption (gold, renewables, etc.)
The government also announced funding for blockchain innovation, underscoring its commitment to a “flourishing digital asset ecosystem.”
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