On 2 November 2023, the Hong Kong securities regulator issued two circulars guiding the tokenisation of SFC-authorised investment products (Hong Kong Tokenised Investment Products Circular) and conduct-related guidance to intermediaries engaging in the tokenisation of securities-related activities, called Kong Tokenised Securities Circular. During the Hong Kong FinTech Week in 2023, a series of circulars were published, which had been widely anticipated. The circulars guide how intermediaries should inform and manage risks about any Hong Kong-based tokenisation of securities activities, considering the increasing interest expressed by traditional products.
