Xu Zhengyu: Hong Kong will explore the "tokenization" of international shipping rents, placing them on the blockchain for investors to subscribe

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, revealed in a recent interview that Hong Kong is exploring the "tokenization" of stable cash flows like international shipping rents, placing them on the blockchain for investors to subscribe. This model not only creates new investment products but also utilizes blockchain technology to achieve asset traceability.

In addition, Hui reiterated that stablecoins are not tools for speculation, and that they are currently reviewing license applications, with the goal of issuing them starting next year.