Hong Kong’s SFC to Issue Guidance on Tokenized Investment Products!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 27, 2023 15:54

Hong Kong The Securities and Futures Fee (SFC) in Hong Kong is to concern steering on the tokenization of approved funding merchandise within the close to future, in keeping with its government director of funding merchandise, Christina Choi. Whereas main dealing of tokenized, SFC-backed merchandise is the extra appropriate possibility given the nascent state of the digital asset buying and selling platform regime within the metropolis, Choi stated secondary buying and selling of such merchandise would require warning and cautious consideration. Choi famous that secondary buying and selling magnifies sure dangers that may very well be higher managed throughout main buying and selling. These dangers may embrace market manipulation or cyber threats.