The Hong Kong Securities and Futures Commission (SFC) is evaluating the possibility of allowing licensed virtual asset trading platforms (VATPs) to offer secondary trading services for tokenized securities to retail investors. According to SFC's Deputy Director of Intermediaries, Loretta Lo, the commission is examining the necessary requirements, operational risks, and control measures, and is drafting a related circular. Currently, retail investors in Hong Kong can only subscribe to and redeem tokenized funds in the primary market. Lo highlighted the SFC's interest in local tokenized money market funds and expressed a desire to enable their trading on licensed VATP platforms, with initial industry consultations already underway.