TOKENIZATION COMPLIANCE
The Vanderbilt Terminal for Global Tokenization Regulation
INDEPENDENT INTELLIGENCE FOR DIGITAL ASSET COMPLIANCE
Global RWA Tokenized: $18.9B ▲ +142%| MiCA Status: Live ▲ Dec 2024| VARA Licensed Platforms: 80+ ▲ +12| SEC Actions YTD: 14 ▲ +3| Tokenized Bonds Issued: $10.2B ▲ +68%| BlackRock BUIDL: $531M ▲ Mar 2024| STO Volume YTD: $3.8B ▲ +44%| Active Jurisdictions: 20+ ▲ +4| Global RWA Tokenized: $18.9B ▲ +142%| MiCA Status: Live ▲ Dec 2024| VARA Licensed Platforms: 80+ ▲ +12| SEC Actions YTD: 14 ▲ +3| Tokenized Bonds Issued: $10.2B ▲ +68%| BlackRock BUIDL: $531M ▲ Mar 2024| STO Volume YTD: $3.8B ▲ +44%| Active Jurisdictions: 20+ ▲ +4|

AMLO

Hong Kong VASP License: SFC Application Requirements and Process

Hong Kong SFC VASP licensing guide. HKD 5M capital, responsible officers, AML/CFT obligations, tokenized securities requirements, and 9–18 month application timeline.

Donovan Vanderbilt · February 24, 2026 · 10 min read

SFC Hong Kong: VASP Licensing and Tokenization Framework

The SFC's mandatory VASP licensing regime (June 2023) and its November 2023 tokenization circular have established Hong Kong as Asia's leading regulated market for tokenized securities and institutional crypto trading.

Donovan Vanderbilt · February 24, 2026 · 7 min read
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