The Hong Kong Securities and Futures Commission (SFC) has announced a new regulatory framework that allows tokenized SFC-approved investment products to be traded on the secondary market.

CoinFeed reported on April 20th that, according to Jinshi, the Hong Kong Securities and Futures Commission (SFC) today announced a new regulatory framework to promote the secondary market trading of tokenized SFC-approved investment products (tokenized products) in Hong Kong. This aims to promote digital asset trading activities in Hong Kong in the long term and support the further development of the ecosystem. The first batch of products is expected to primarily consist of tokenized money market funds. The SFC will review the operation of these products and will consider expanding the product range as appropriate.