Hong Kong Plans Tokenized FX Fund Notes Trial by End-2026

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui said digital assets and fintech are a new growth engine for the city, and digital bonds issued in Hong Kong account for about 50% of the global market. According to ChainCatcher, Hong Kong plans to trial tokenization of Exchange Fund Bills by the end of 2026 and to build a digital asset platform at CMU in 2026 to provide one-stop services for digital bond issuance and settlement. The city also plans to improve its virtual asset licensing regime, strengthen the regulatory framework for tokenized investment products, promote trading of regulated stablecoins on licensed platforms, and encourage broader use cases for compliant stablecoins.