Hong Kong Blockchain Funding Program Facilitates HK$230 Million in Asset Tokenization

The Hong Kong Blockchain and Digital Assets Pilot Funding Scheme has successfully funded nine pilot projects covering areas such as asset tokenization, payment and stablecoin infrastructure, security and risk management, as well as decentralized identity. As of June this year, it has facilitated a total of HK$230 million in asset tokenization. Additionally, as of September this year, the Hong Kong Securities and Futures Commission has recognized 13 tokenized money market funds, one tokenized gold investment product, two gold ETFs with tokenized shares, and one covered call ETF with tokenized shares.

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