CEO of Hong Kong SFC: Market Infrastructure Must Be Thoroughly Upgraded, Integrating Tokenization-Related Innovation Projects

According to Odaily, Hong Kong Securities and Futures Commission (SFC) CEO Julia Leung delivered a keynote speech at the 2026 Asia Securities Industry & Financial Markets Association (ASIFMA) EU-Asia Financial Services Dialogue event. She stated that Hong Kong must thoroughly upgrade its market infrastructure, particularly in the areas of financial product fragmentation, clearing, and settlement. Distributed ledger technology (DLT) and tokenization developments provide a way forward. The true value of tokenization lies in its programmable nature, which can support a wide range of investment products, including bonds, funds, and even gold. As the tokenization ecosystem continues to grow, it is essential to effectively integrate related innovation projects, seamlessly combining market confidence in traditional finance with the efficiency of decentralized finance (DeFi) to further unlock liquidity. Leung revealed that the Hong Kong SFC, together with the Australian Securities and Investments Commission (ASIC), is co-leading a working group under the Asia-Pacific Regional Committee to combat online scams. It is also collaborating with global counterparts to exchange intelligence and participate in the formulation and coordination of standards in areas such as digital assets.