The Securities and Futures Commission (SFC) of Hong Kong has introduced a new regulatory framework allowing tokenized investment products to trade on secondary markets. This marks the first time SFC-approved open-ended tokenized funds can circulate and be traded on platforms with SFC licenses. The move provides a compliant secondary trading channel for these products, affirming their status as financial instruments. As of March 2026, 13 tokenized products have been offered to the Hong Kong public, with assets under management growing sevenfold over the past year to HK$10.7 billion. This development is seen as a significant step towards a 24/7 on-chain financial market, reflecting increasing market acceptance of tokenized assets. The framework aligns with Hong Kong's strategic positioning as a global center for fixed income and money markets, integrating real-world assets into the Web3 financial ecosystem.