SFC had recently issued circulars outlining the requirements for the tokenisation of investment products authorized by the SFC in Hong Kong. They provided important guidance for intermediaries engaging in tokenized securities-related activities.
SFC emphasized: "The existing legal and regulatory requirements governing the traditional securities markets continue to apply to Tokenised Securities":
On the crest of tokenisation, HSBC, being the pioneer, announced the launch a new proprietary platform using distributed ledger technology (DLT) for tokenized physical gold ownership of institutional clients: https://www.investing.com/news/stock-market-news/hsbc-launches-platform-for-tokenized-gold-ownership-93CH-3219020