Hong Kong is planning to launch a brand new digital asset platform this yr to help the issuance and settlement of tokenized bonds. In addition they introduced that they might be issuing licenses for stablecoins to corporations in a few months.
Hong Kong Unveils Digital Asset Platform for Tokenized Bonds
Monetary Secretary Paul Chan introduced that CMU OmniClear Holdings, which is a subsidiary of the Hong Kong Financial Authority (HKMA), can be growing the platform and can be increasing it to incorporate different belongings.
The platform can be built-in into regional tokenization platforms. Chan mentioned that it might be “step by step prolonged to different digital belongings and linked with different tokenisation platforms within the area.” He additionally mentioned that it might reinforce the nation’s place within the growth of digital belongings.
This comes as institutional companies are launching merchandise on these platforms. Yesterday, the Hong Kong-based crypto change HashKey introduced the launch of a one-stop resolution for the issuance of RWAs. The change said that monetary establishments can now unlock the worth of illiquid belongings and switch them into tradable tokens.
As well as, the nation has already tokenized a number of rounds of its authorities bonds. Chan mentioned that that they had issued their third batch of tokenized bonds within the fourth quarter of 2025. This was valued at $1.28 billion. He mentioned that the nation would proceed issuing tokenized bonds.
Regulators to Situation First Stablecoin Licenses Quickly
The nation mentioned it can begin issuing the primary licenses for stablecoin issuers subsequent month. The regulators mentioned new laws for crypto asset sellers and custodians might be launched later this yr, the territory’s finance chief mentioned.
Chan mentioned that the federal government has already launched a licensing regime for stablecoin issuers. He additionally mentioned that regulators will proceed to facilitate licensed issuers in Hong Kong. That is to discover completely different software eventualities in a compliant and risk-controlled method.
The licenses for fiat-referenced stablecoin issuers might be awarded in March, in accordance with Chan. This follows the nation’s introduction of a stablecoin funds invoice final yr and the finalization of the laws.
The price range additionally reaffirmed the federal government of Hong Kong’s intention to introduce a invoice this yr to cater for the licensing of digital asset sellers and custodian service suppliers. This can be a broadening of the regulatory house within the nation, which had earlier licensed buying and selling platforms and stablecoins.
