📣 Hong Kong SFC Sets Tokenization Standards
posted 2 Nov 2023
Hong Kong's Securities and Futures Commission (SFC) has issued
guidelines for asset tokenization, addressing the growing market
interest.
Tokenized
securities are viewed as traditional securities within a tokenized
framework, and existing securities market regulations apply.
The
SFC also requires licensed trading platforms to have a compensation
arrangement for the loss of security tokens, with the possibility of
exemptions on a case-by-case basis.
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