BCG: Tokenization could double Hong Kong's asset management industry

Hong Kong's asset management industry could double in size if it adopts tokenized finance and cryptocurrency infrastructure, according to a joint white paper by Boston Consulting Group (BCG), Aptos (APT) Labs, and Hang Seng Bank, The Block reported. The paper, which is based on the results of Phase 2 of the Hong Kong Monetary Authority's (HKMA) e-HKD+ pilot project, presents a tokenization strategy for the structural expansion of the asset management industry. The report assessed that the pilot's results show token-based financial infrastructure is not only technically feasible but also commercially competitive.