Key Takeaways
According to BlockchainReporter, Hong Kong will pilot tokenized Exchange Fund Bills by late 2026 and permit regulated stablecoin trading on licensed platforms.
According to BlockchainReporter, Hong Kong plans to pilot the tokenization of Exchange Fund Bills by the end of 2026 and permit regulated stablecoins to trade on licensed platforms, as announced by Secretary for Financial Services and the Treasury Christopher Hui.
Outlined in an official government briefing, these measures position digital assets and fintech as a core growth engine for the city. CMU Omniclear will establish a digital asset platform within the year to offer services including digital bond issuance and settlement, while the government refines its virtual asset licensing regime and regulatory framework for tokenized investment products.
On stablecoins, the city will facilitate trading of regulated stablecoins on licensed platforms and encourage expanded use cases for compliant issuers, building on its existing licensing framework. The policy steps aim to keep the financial hub competitive as regional rivals advance their digital asset programs, extending the local framework from spot trading and custody into capital markets.
Source & Fact-Check Note
https://blockchainreporter.net/hong-kong-tokenized-exchange-fund-bills-stablecoins/
