Lee Ka-chiu: Hong Kong is implementing the stablecoin issuer system

In his fourth Policy Address, Hong Kong Chief Executive John Lee stated that the Hong Kong Monetary Authority (HKMA) will encourage commercial banks to launch tokenized deposits and facilitate the trading of real tokenized assets. Examples include using tokenized deposits to settle tokenized money market funds, assisting the government in regularizing tokenized bond issuance, and encouraging banks to strengthen risk management through regulatory sandboxes.