Hong Kong will open RWA investment to retail investors! Strive to become a tokenized STO innovation base

This website (120bTC.coM) is a Real World Asset (RWA) track that is becoming one of the hot spots in the cryptocurrency market. RWA aims to utilize blockchain and will have formal value With the support of BlackRock’s first tokenized investment fund BUIDL launched last month, more than US$1 billion in U.S. Treasury bonds have been tokenized, setting a milestone record.

Hong Kong RWA Progress

Recently, Hong Kong, which is deeply involved in the Web3 field, is not far behind others. This month, the Chinese securities company GF Securities (Hong Kong) successfully issued the first RWA applicable to Hong Kong law. The short-term commercial paper (Commercial Paper) tokenized securities are technically supported by ABT Tech, a locally incubated blockchain technology company in Hong Kong.

Yang Zaiyong, vice chairman of the Hong Kong Chinese Finance Association, wrote in the Economic Times today that this is the first tokenized securities issuance in Hong Kong after the Hong Kong Securities Regulatory Commission issued important regulatory guidelines in November last year, marking the development of digital finance in Hong Kong. Entering a new milestone. Yang Zaiyong said that digital finance is the future development trend, and Hong Kong’s financial industry should actively embrace digital changes, strengthen regulatory guidance, and promote the development of digital finance.

Yang Zaiyong said that the tokenized securities rely on the Ethereum blockchain and have many advantages such as transaction security, transparency, and efficiency. Investors can query and supervise token-related information at any time and are not subject to any institutional restrictions. . With the openness of Ethereum, investors can flexibly develop auxiliary tools, realize multi-point integrated management, and open up the possibility of designing personalized products. At the same time, breaking the reliance on traditional intermediaries greatly lowers the threshold for participation, expands the investor base, and opens up the possibility of designing personalized products.

RWA is expected to be open to retail investors

Yang Zaiyong mentioned that the Hong Kong Securities Regulatory Commission recently made it clear that securities token issuance (STO) and RWA investment may be open to retail investors, which will undoubtedly Attract more funds to enter the Hong Kong market. The development of STO and RWA is expected to inject new growth momentum into Hong Kong's economy.

In Yang Zaiyong’s view, Hong Kong has created a good development soil for the Web3 industry thanks to its advanced and complete regulatory framework. Recommended belief RWA innovation requires the full cooperation of regulatory agencies, industry and investors. The Hong Kong regulatory authorities have an open and supportive attitude towards RWA innovation. They have made it clear that RWA investment is expected to be open to retail investors, which will undoubtedly attract the influx of more capital.

However, if Hong Kong wants to strive to become the source of global RWA innovation, Yang Zaiyong believes that it must further improve the top-level design, break through innovation bottlenecks, optimize infrastructure, and cultivate market ecology. Although the next generation of new finance is in technology and compliance Many challenges have been raised in aspects such as this, but the core issue to be solved is still whether it can bring more liquidity to the traditional financial market in a safe and compliant environment.

Previously, the Hong Kong Monetary Authority had issued a "Sales and Distribution of Tokenized Products" circular in February this year, requiring institutions to conduct due diligence, fully disclose relevant information, and fully disclose relevant information before launching tokenized products. Develop policies, procedures, systems and monitoring measures to identify and mitigate risks. At the same time, institutions that provide tokenized product custody services must comply with relevant digital asset custody standards.

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