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SFC Allows Secondary Trading of Tokenised SFC-authorised Investment Products
2026-04-20 17:50:27
The Securities and Futures Commission (SFC) launched a new regulatory framework to pilot the secondary trading of tokenised SFC-authorised investment products (tokenised products) in Hong Kong, aiming to boost trading activity in the city’s expanding digital asset ecosystem over time.

Set out in a circular, the SFC’s new guidance aims primarily to facilitate secondary trading of tokenised SFC-authorised open-ended funds on SFC-licensed virtual asset trading platforms (VATPs), not least broadening access to regulated trading services for retail investors. However, the SFC may also consider over-the-counter secondary trading arrangements on a case-by-case basis.
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