Coinspeaker
Hong Kong Securities Regulator Unveils First Commercial Paper for Tokenized Securities

Amid the recent development in the crypto industry, there’s strong demand for the tokenization of Real World Assets (RWA) over blockchain technology. As a result, Hong Kong’s securities regulator GF Securities recently introduced a short-term commercial paper for tokenized securities in compliance with local regulations.

RWA endeavors to harness blockchain’s capabilities to digitize tangible physical assets, offering investors unparalleled accessibility to the real economy. With its quest to become the crypto hub in Asia, Hong Kong is actively fostering innovation while spearheading several initiatives to redefine physical asset investments in the digital age. It is further expanding its scope for virtual assets, Web 3.0, and RWA tokenization.

The tokenized securities issuance through commercial paper was as per the regulatory guidelines framed by the Hong Kong Securities and Futures Commission (SFC) last year in November 2023. This tokenized security relies on the Ethe...