FINANCE

Hong Kong Allows Secondary Trading of Tokenized Funds

Published: Apr. 20, 2026 11:06 p.m. GMT+8

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The Hong Kong Securities and Futures Commission. Photo: IC

Hong Kong has introduced a regulatory framework allowing licensed virtual-asset trading platforms to offer secondary-market trading for authorized tokenized open-ended funds.

The initiative will initially cover money market funds and could gradually expand to all tokenized funds authorized by the Securities and Futures Commission (SFC) if the rollout proves successful.

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Hong Kong allows licensed virtual-asset platforms secondary trading of authorized tokenized open-ended funds, starting with money market funds.
13 tokenized products have HK$10.7B ($1.4B) AUM as of March 2026; requires SFC case-by-case approval, market makers.
World's first major jurisdiction for such rules; enables 24/7 trading, plans VA licensing expansion.

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