Hong Kong banks have begun accepting tokenized deposits from brokers, successfully subscribing to tokenized money market funds issued by fund companies, according to Leung Hon-ching, Global Head of Financial Services and Technology, Sustainable Development at Invest Hong Kong. This development marks a shift in the asset management industry from "2.0" to "3.0". Leung predicts that within a decade, the prevalence of tokenized funds will rival that of ETFs today.