Hong Kong to bolster RWA tokenization, digital finance over next decade

Hong Kong's Financial Services Development Council (FSDC) has announced a 10-year plan to develop real-world asset (RWA) tokenization products and strengthen its digital financial infrastructure. In a report titled "Hong Kong Capital Market Leadership Strategy," the FSDC stated it aims to develop RWA-related products within the next two to five years, with a long-term goal of overhauling its systems for tokenized issuance and trading. The council also plans to rapidly build out its digital financial infrastructure, including tokenization platforms, smart contracts, and real-time settlement systems.