Shinhan Financial pursuing Hong Kong digital asset license

Shinhan Investment & Securities' Hong Kong subsidiary is in discussions with the city's Securities and Futures Commission (SFC) to expand its business scope to include tokenized assets (STOs and RWAs) while maintaining its existing license for traditional securities, The Herald Business reported. A senior official at Shinhan Investment & Securities said the company is currently in preliminary talks with Hong Kong's financial authorities. The official added that they are primarily reviewing a strategy focused on STO issuance and distribution to professional investors such as institutional investors, family offices, and high-net-worth individuals.