The Hong Kong SFC announces regulatory framework for secondary market trading of tokenized investment products. The Hong Kong Securities and Futures Commission has unveiled a new regulatory framework permitting secondary market trading of tokenized SFC-recognized investment products, aiming to advance Hong Kong’s digital asset trading activities. The new guidelines primarily facilitate secondary market trading of tokenized open-ended funds on licensed virtual asset platforms and will consider on a case-by-case basis allowing over-the-counter trading arrangements. As of March 2026, Hong Kong has seen 13 tokenized products offered to the public, with the total assets under management of tokenized class shares increasing to approximately HK$10.7 billion. The首批 products are expected to be primarily tokenized money market funds. The new measures cover fair pricing, orderly trading, liquidity provision, and disclosure requirements. https://t.co/NY51UjLD6R