Tokenization takes prime role in Hong Kong’s Fintech 2030 strategy
The Hong Kong Monetary Authority has outlined its real-world asset tokenization plans, including tokenized bonds and stablecoin integration for blockchain settlements.
The Hong Kong Monetary Authority is seeking to grow the tokenization ecosystem as part of its four-pronged growth strategy for its fintech sector over the next five years.
In a statement on Wednesday during Hong Kong Fintech Week, HKMA said its Fintech 2030 strategy will focus “on four strategic pillars” referred to as “DART,” covering data, artificial intelligence, resilience and tokenization across 40 initiatives.
“The HKMA will accelerate the tokenisation of real-world assets (RWAs), including financial assets, and lead by example by regularising the issuance of tokenised government bonds and exploring the concept of tokenising the Exchange Fund papers,” it said.