
Asia Builds Legal Infrastructure for Tokenised Capital Markets
- —Hong Kong's 16 September 2026 Policy Address allows regulated stablecoin trading on licensed VATP platforms
- —South Korea passed amendments on 15 January 2026 recognising distributed ledgers as valid securities books, effective 4 February 2027
- —Kazakhstan's AIFC Investment Token Framework, effective 18 October 2024, unified security, derivative and environmental tokens
- —Hong Kong priced about HK$10 billion of digital green bonds in November 2025, the largest such issuance at the time
Why it matters: Asian jurisdictions are writing tokenisation rules ahead of the US, potentially attracting issuers and intermediaries to the region.
Source: Bitfinex Blog