Hong Kong Securities and Futures Commission executives: Hope to promote the opening of secondary market transactions after the virtual asset market m

Li Ziqi, Senior Director of Investment Products at the Hong Kong Securities and Futures Commission, stated that tokenized deposits are an important cornerstone of the entire tokenization ecosystem. It is expected that after the virtual asset market operates maturely, the next step is to promote the opening of secondary market transactions and the use of fund units as collateral to improve the efficiency of market capital utilization and ultimately promote the widespread use of tokenized assets in traditional securities markets. Li Ziqi pointed out that financial market activities are complex, and to achieve a perfect tokenization ecosystem, many challenges need to be overcome, such as considering whether ownership can be guaranteed to be recorded in real-time and accurately, tokenized arbitrage activities, and fairness, etc. Li Dazhi, Deputy Chief Executive of the Hong Kong Monetary Authority, stated that the Monetary Authority has assisted the government in issuing tokenized green bonds, but the issuance process is not fully tokenized. It is expected that through the Ensemble project sandbox, a financial infrastructure platform can be established to help financial institutions complete end-to-end tokenized transactions and assist real assets with high difficulty in fund financing in the past to become digital assets that are easier to trade, such as the ownership of charging piles.