Hong Kong Doubles Down on Crypto: Stablecoin Rules & Tokenization Push

Reading Time: < 1 minute

Hong Kong is tightening its grip on digital assets with a new regulatory framework, mandating licenses for stablecoin issuers from August 1.

The move, part of its “LEAP” strategy, seeks to attract global crypto firms by ensuring legal certainty and fostering real-world adoption.

Key measures include:

• Stablecoin licensing under HKMA oversight
• Tokenized bonds & ETFs with clarified tax treatment
• Expanded RWA tokenization (gold, solar panels, etc.)
• New funding for blockchain startups via Cyberport

Financial Secretary Paul Chan called it a step toward “integrating the real economy with social life.”