Securities and Futures Commission (SFC) of Hong Kong: Will Promote Trading of Tokenized Funds on Virtual Asset Trading Platforms

BlockBeats News, October 23rd. According to the Hong Kong Economic Times, Florence Tsai, current Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission (SFC), previewed that the SFC will have multiple optimization measures in the future. This includes promoting the trading of tokenized funds on Virtual Asset Trading Platforms (VATPs), and the Hong Kong Stock Exchange's fund platform will also enhance its payment and settlement functions. Tsai mentioned that the secondary market trading of tokenized funds requires more institutional or risk prevention measures. Currently, discussions are ongoing with fund companies and relevant trading platforms to implement appropriate measures. Following the recent clarification that secondary trading of tokenized funds is exempt from stamp duty, it will help advance secondary market trading.