Hong Kong media: The Hong Kong Securities and Futures Commission has recently made it clear that STO and RWA investments may be opened to retail investors

2024-05-27 11:01:42
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ChainCatcher news, according to Wen Wei Po, the Hong Kong Securities and Futures Commission (SFC) has recently made it clear that Security Token Offerings (STO) and Real World Asset (RWA) investments may be open to retail investors, further expanding the virtual asset market and attracting more funds and fintech talent to Hong Kong. The government successfully issued HKD 800 million in tokenized green bonds last February, which is a typical example of an RWA tokenization project.

It is reported that last November, the Hong Kong SFC released the "Circular on Recognized Investment Products," which outlined the requirements for the SFC to consider allowing the tokenization of investment products authorized for public sale in Hong Kong under Part IV of the Securities and Futures Ordinance. In addition to tokenized securities, the SFC has taken steps to recognize tokenized investment products. In fact, as early as last September, Taiji Capital launched the PRINCE Token, which is Hong Kong's first real estate fund STO aimed at professional investors. This STO is the first fund tokenization fundraising model approved by the SFC.

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