Hong Kong has released its First Five-Year Plan (2026–2030) alongside the Chief Executive's 2026 Policy Address, establishing a comprehensive framework to integrate digital assets with traditional finance. The strategy prioritizes regulated stablecoins for settlement on licensed virtual asset platforms and positions tokenization as the central pillar of digital finance development, moving beyond speculative Web3 concepts toward practical applications serving the real economy. The Policy Address outlines specific implementation projects, including regular government digital bond issuance, tokenization of Exchange Fund Bills exceeding HK$1.3 trillion, and pilot programs for tokenized warehouse receipts and gold trading. The Hong Kong Monetary Authority will advance Project Ensemble to support CBDC settlement and 24/7 operations, while the Securities and Futures Commission enhances licensing regimes and prepares anti-money laundering monitoring systems like Project CrypTech for launch in 2027. This dual-document approach creates a regulatory chain spanning licensing, custody, trading, and cross-border settlement. By anchoring digital asset innovation within existing financial infrastructure and compliance frameworks, Hong Kong aims to build a regulated ecosystem where stablecoins and tokenized products function as integrated components of mainstream capital markets rather than parallel speculative systems.