Hong Kong Banks Embrace Tokenization to Expand Investment Options and Assert Financial Leadership
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HSBC Hong Kong, the largest bank in the region, is introducing tokenization technology to broaden client investment opportunities into tangible and virtual assets.
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Hong Kong authorities are establishing a regulatory framework to support the emerging real-world asset (RWA) tokenization industry and bolster investor protection.
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According to Boston Consulting Group, the RWA tokenization market could reach $16 trillion by 2030, highlighting its vast potential.
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Hong Kong is advancing its e-HKD program and mBridge project to challenge the dominance of the US dollar in international settlements.
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Hong Kong leads in green bond tokenization and is progressing in regulating crypto asset trading to establish a stable and responsible virtual asset market.