Hong Kong SFC Considers Allowing VATPs to Provide Secondary Trading of Tokenized Securities for Retail Investors

Odaily News: Luo Haishi, Deputy Director of the Intermediaries Department at the Hong Kong Securities and Futures Commission (SFC), revealed that they are considering allowing licensed Virtual Asset Trading Platforms (VATPs) to provide secondary trading of tokenized securities for retail clients. The focus is on local tokenized money market funds, with the hope of permitting their trading on licensed VATP platforms. Currently, regulators are studying the relevant requirements, operational risks, and control measures, and are drafting a related circular. Luo Haishi stated that from the SFC's perspective, tokenized securities are essentially the same as ordinary securities, just with an added technological layer, applying the principle of "same business, same risks, same rules." (Hong Kong Economic Journal)