The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly launched the Project Ensemble Sandbox to advance tokenisation in Hong Kong’s asset management sector. This initiative aims to establish a standardized approach for tokenised asset settlement and address challenges in areas such as issuance, trading, and custody. Both organizations will provide regulatory guidance and support industry trials within the Sandbox. The launch highlights a collaborative effort to innovate and future-proof Hong Kong’s financial markets, with strong industry interest and involvement anticipated.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR140