Hong Kong is set to launch a compliant over-the-counter (OTC) crypto license by the end of 2026, aimed at regulating crypto custody and trading. This announcement was made by Wu Jie Zhuang, a member of the National Committee of the Chinese People's Political Consultative Conference, during the 2026 Hong Kong Institutional Digital Wealth Management Summit. In addition to the new licensing framework, Hong Kong is working to facilitate the use of stablecoins in the secondary market for real-world asset (RWA) tokenized assets. Currently, these assets, including government-issued green bonds, are restricted to primary market investments. The initiative seeks to expand trading opportunities and enhance the region's digital asset ecosystem.