Former Hong Kong Securities and Futures Commission Chair, Leung Ding-bong, has highlighted the potential of combining asset tokenization with central bank digital currencies (CBDCs) to transform financial market operations. He emphasized the need for Hong Kong to accelerate the development of digital capital market infrastructure. Leung pointed out that traditional trading processes, involving multiple systems for trading, clearing, and settlement, are inefficient. Tokenization, leveraging blockchain technology, can achieve 'atomic settlement,' significantly enhancing financial efficiency. Leung also noted that Hong Kong could leverage its legal framework, professional talent, and status as an offshore RMB center to pioneer in asset tokenization and cross-border payment initiatives like mBridge, positioning itself as a 'financial sandbox' for the nation.