Hong Kong's Deputy Secretary for Financial Services and the Treasury, Joseph Chan: LEAP Framework to Lead Hong Kong in Building a Digital Asset Ecosystem Integrated with the Real Economy

Odaily News: Joseph Chan, Deputy Secretary for Financial Services and the Treasury, stated in his speech at the 2026 Hong Kong Web3 Carnival that the LEAP framework proposed in the "Hong Kong Policy Declaration on the Development of Digital Assets 2.0" serves as a blueprint for future development, aiming to build a trustworthy, sustainable digital asset ecosystem deeply integrated with the real economy. The framework comprises four pillars: Legal and regulatory streamlining, Expanding the suite of tokenised products, Advancing use cases and cross-sectoral collaboration, and People and partnership development.

Chan pointed out that through the LEAP framework, Hong Kong is advancing the regulatory system for digital asset trading and custody services, with plans to submit a bill in 2026. Simultaneously, the government will promote the tokenization of assets such as precious metals and energy, explore instant liquidity management through the Ensemble project, and collaborate with universities and the industry to cultivate a new generation of talent in blockchain and AI technologies.