The regulator said it will allow secondary trading of certain tokenised products under a regulatory framework designed to address liquidity, pricing and investor protection concerns.
The Securities and Futures Commission (SFC) of Hong Kong has unveiled a regulatory framework to pilot secondary trading of tokenised SFC-authorised investment products, as the regulator looks to address structural constraints in the city’s developing digital asset market. The approach is aimed at expanding access to regulated secondary trading for retail investors The regulator noted that the framework is focused primarily on enabling secondary trading of tokenised SFC-authorised