The Hong Kong Securities and Futures Commission plans to allow VATP to provide retail investors with secondary trading of tokenized securities
The Deputy Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, Luo Haishi, revealed that they are considering allowing licensed virtual asset trading platforms (VATPs) to provide secondary trading of tokenized securities for retail clients, with a focus on local tokenized money market funds and hoping to allow trading on licensed VATP platforms. Currently, the regulatory body is studying the relevant requirements, operational risks, and control measures, and is drafting a related circular.Luo Haishi stated that, from the perspective of the Hong Kong Securities and Futures Commission, tokenized securities are essentially the same as ordinary securities, just with a technological layer added, applicable to "the same business, the same risks, and the same rules."