Lawmaker Wu Jie Zhuang has endorsed the Chief Executive's plans to bolster Hong Kong's Web3 ecosystem and Real World Asset (RWA) development, aiming to enhance the city's status as a global financial hub. The 2025 policy address outlines measures in fintech and green finance, including the Hong Kong Monetary Authority's Ensemble project to promote tokenized deposits and real asset transactions. The government will also establish a stablecoin issuer system and propose digital asset trading and custody licensing legislation. The Securities and Futures Commission is exploring digital asset product expansion for professional investors and implementing automated data monitoring tools for risk management.
Hong Kong Lawmaker Backs Web3 and RWA Initiatives
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.