Hong Kong
Asia-Pacific Tokenization Regulation: Singapore, Hong Kong, Japan, Australia Compared
Comprehensive comparison of Asia-Pacific tokenization regulatory frameworks—Singapore MAS, Hong Kong SFC/HKMA, Japan FSA, and Australia ASIC—covering licensing, market access, and institutional strategy.
Hong Kong Tokenization Regulation: SFC VASP Licensing and Tokenization Circulars
Hong Kong SFC VASP mandatory licensing (June 2023), tokenization of SFC-authorized products (Nov 2023 circular), secondary market guidance (Feb 2024), HKD 5M capital, retail access rules.
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.
HSBC Orion: Digital Bond Tokenization Platform
HSBC Orion issued the world's first government tokenized bond via distributed ledger — a HK$1B green bond in February 2023 — and has continued digital bond and structured product issuances.
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.
Singapore vs Hong Kong: The Fight for Asia's Tokenization Capital
Singapore MAS Project Guardian versus Hong Kong SFC VATP and Project Ensemble: which jurisdiction is winning the competition for Asia's institutional tokenization centre, and what it means for compliance strategy.