Hong Kong SFC unveils framework for secondary trading of tokenized funds

Hong Kong's Securities and Futures Commission (SFC) today announced a new regulatory framework to pilot secondary market trading for SFC-authorized tokenized investment products. The move aims to foster the growth of digital asset trading and the broader ecosystem in Hong Kong. Tokenized money market funds (MMFs) are expected to be the first products eligible under the new rules. The SFC plans to monitor the performance of these initial products before considering an expansion of the framework to include other types of assets at a later date.