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Hong Kong Unveils 10-Year Plan for RWA Tokenization and Digital Markets

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Hong Kong has released a 10-year roadmap to modernize its capital markets through RWA tokenization and digital infrastructure. The FSDC outlined the plan in a concept paper titled *Hong Kong Capital Market Leadership Strategy*, focusing on tokenized issuance, smart contracts, and real-time settlement. Short-term steps include listing reforms and pilot programs, while long-term goals aim for multi-asset, multi-currency capital formation. The city’s existing market links and global infrastructure are seen as key to the transition.
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