Regulation· ★★★★· bullish·

Hong Kong to allow stablecoin and tokenized asset trading

  • Stablecoins will be allowed to trade on licensed platforms and settle tokenized MMFs
  • SFC will expand rules for issuance and trading of tokenized gold and RWAs
  • HKMA will launch CBDC settlement and a 24/7 regime in EnsembleTX by the end of 2026
  • Digital asset custody supervision will begin in the second half of 2026
Why it matters: Hong Kong is expanding regulated infrastructure for stablecoins and RWAs, intensifying competition for institutional crypto capital in Asia.
Source: crypto.news