The Hong Kong Securities and Futures Commission (SFC) has unveiled a new regulatory framework permitting tokenized SFC-recognized investment products, primarily open-ended funds, to be traded on licensed virtual asset trading platforms in the secondary market. The framework also allows for the exploration of over-the-counter trading arrangements. The new measures draw on the operational mechanisms of ETFs and virtual asset platforms, addressing pricing, liquidity, and information disclosure requirements. As of March 2026, Hong Kong has issued 13 tokenized products to the public, managing assets worth approximately HKD 10.7 billion.