Cai Fengyi: The Hong Kong Securities and Futures Commission will issue guidance on the tokenization of authorized investment products, which will, in principle, allow primary trading

ChainCatcher news, Hong Kong Securities and Futures Commission (SFC) Executive Director of the Investment Products Division, Ms. Choi Fung-yee, pointed out in her keynote speech at the 2023 Bloomberg Buy-Side Forum that the SFC has recently received proposals for the tokenization of SFC-authorized products in the area of retail investment products.

Ms. Choi stated, "The SFC is currently developing more detailed guidelines for the tokenization of SFC-authorized investment products and will release them in the short term. In principle, at this stage, it is more appropriate to first allow primary trading of SFC-authorized products, while secondary trading on Virtual Asset Trading Platforms (VATP) requires more cautious and careful consideration."