Hong Kong Expands Digital Asset Agenda with Unified Rules and Tokenization Push

Hong Kong has unveiled its second policy statement to accelerate digital asset development, reinforcing its ambition to become a global leader in financial innovation. Dubbed "Policy Statement 2.0," the June 26 update builds on the framework established in October 2022, aiming to create a trusted and innovative digital asset ecosystem.

The strategy balances growth with risk management and investor protection, focusing on real-world financial benefits. Financial Secretary Paul Chan emphasized the goal of integrating digital assets with the real economy and social life, bolstering Hong Kong's position as an international financial hub.

At the Core of the policy is the new LEAP framework, which stands for Legal and regulatory streamlining, Expanding tokenized products, Advancing use cases and cross-sectoral collaboration, and promoting people and partnership development. A unified regulatory regime for digital asset service providers is currently underway.