Gate News message, April 20 — Hong Kong’s Securities and Futures Commission (SFC) has launched a new regulatory framework allowing SFC-authorized tokenized products to be traded around the clock on licensed platforms, including overnight and on weekends. As of March 2026, 13 tokenized products have been sold to the public, with total assets under management (AUM) for tokenized shares reaching HK$10.7 billion (approximately $1.37 billion USD), representing roughly sevenfold growth over the past year.
The framework integrates traditional finance with the Web3 ecosystem through regulated stablecoins and tokenized deposits. SFC CEO Liang Fengyi stated: “This initiative allows traditional securities products to be traded at night and on weekends after tokenization, and promotes all-weather liquidity through the use of regulated stablecoins and tokenized deposits.” The initial batch of eligible products will focus on low-risk funds to ensure stable operations. To support 24/7 trading, the Hong Kong Monetary Authority (HKMA) and SFC are building a three-layer digital money infrastructure, including EnsembleX (launched November 2025 with participants such as HSBC, Standard Chartered, and Bank of China) and EnsembleTX, a platform for settling tokenized deposits between banks.
The HKMA implemented a mandatory licensing regime for fiat-referenced stablecoins in March 2026, requiring a minimum HK$25 million capital and full reserve backing. However, as of April 2026, the regulator has not yet issued any licenses, having missed its self-imposed March deadline. SFC Executive Director Yip Chi-hang confirmed this is the first globally predictable framework for trading tokenized authorized funds and noted the SFC is also developing frameworks for perpetual contracts and margin financing for virtual assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
DTCC Plans Tokenized Securities Platform Launch
The Depository Trust & Clearing Corporation (DTCC), a major clearing house, plans to launch a tokenized securities platform with a July pilot phase and an October launch, according to the announcement.
Wall Street's Blockchain Expansion
The DTCC's move toward a live tokenization market
CryptoFrontier25m ago
Exodus Reaches 'Critical Threshold' on Payments Pivot: Benchmark
Benchmark analyst Mark Palmer said Exodus Movement has crossed a "critical threshold" as it pivots from a self-custody wallet provider into a crypto payments platform, reiterating a Buy rating and $21 price target in a Monday note—representing a roughly 165% jump from its current price of
CryptoFrontier26m ago
AequiSolva Launches Sentinel Stack AI Architecture for Institutional Asset Verification on April 30
According to AequiSolva, the company launched its Sentinel Stack™ AI-integrated exchange architecture on April 30, 2026, featuring deterministic execution, AI-driven market surveillance, and the Omni-Attest Engine™ for continuous cryptographic proof of reserves. The platform combines three core
GateNews2h ago
Shopify, National Bank of Canada Back Tetra Trust's CADD Stablecoin
Tetra Trust has launched CADD, a new stablecoin backed by institutional investors including Shopify and National Bank of Canada. The stablecoin is designed for 24/7 cross-border settlement, real-time corporate treasury management, and direct fintech transfers, according to the announcement.
CryptoFrontier5h ago
Telegram founder Durov: Will take over TON within 2-3 weeks; Telegram will become the largest validator
Durov announced that within 2–3 weeks, Telegram will take over TON governance, becoming the main driver and the largest validator to complete MTONGA Step 3. The first two steps are Catchain 2.0 and reducing transaction fees to nearly zero. This move means Telegram directly controls governance and deeply integrates with the TON ecosystem; the subsequent focus is developments such as the foundation’s arrangements and the launch of new ton.org tools.
ChainNewsAbmedia6h ago
Agent Work Protocol Token AWP Surges Over 300% in 24 Hours; Ardinals Inscription Subnet Launches
According to on-chain data, the native token AWP of Agent Work Protocol surged over 300% in 24 hours on May 4. AWP is a work protocol for AI Agents, featuring 100% fair launch with no VC allocation, team reserve, or presale; all tokens are distributed via protocol emission. The protocol has
GateNews6h ago
