Regulation· ★★★· bullish·

Hong Kong to pilot tokenized Exchange Fund bills by end-2026

  • Pilot for tokenized Exchange Fund bills is planned by end-2026
  • Hong Kong accounts for roughly 50% of global digital bond issuance
  • CMU will build a digital asset platform in 2026 for issuance and settlement of digital bonds
  • Authorities plan to improve virtual asset licensing and promote regulated stablecoins
Why it matters: Hong Kong is cementing its role as a regulatory hub for tokenized assets and stablecoins, which could draw institutional capital to the region.
Source: PANews