Hong Kong Unveils New Digital Asset Framework

Hong Kong has launched “Policy Statement 2.0” to accelerate digital asset (DA) development and reinforce its position as a global financial innovation hub. The updated strategy introduces the LEAP framework, focusing on legal clarity, tokenized products, cross-sector collaboration, and talent development.

Key priorities include creating a unified regulatory regime for digital asset service providers and supporting the tokenization of real-world assets like bonds and commodities. Incentives such as favorable tax policies are also under review. The government aims to boost stablecoin use, improve cross-sector coordination, and build a skilled workforce to support long-term innovation.

Meanwhile, Hong Kong’s FSTB and HKMA will lead a legal review to support the adoption of tokenized financial instruments, including bonds, aiming to bring real-world assets on-chain and unlock new market opportunities. The government also plans to expand the tokenized asset ecosystem by promoting tokenized government bonds, clarifying tax rules for tokenized ETFs, enabling their trading on licensed platforms, and extending tokenization to sectors like gold, precious metals, and renewable energy to enhance liquidity and accessibility.

Hong Kong‘s updated digital asset policy focuses on boosting stablecoin adoption and industry collaboration. A new stablecoin licensing regime will launch on August 1, alongside pilot use cases for everyday applications like payments and financial services.

The government also aims to strengthen infrastructure through public-private partnerships and position Hong Kong as a global hub for digital asset research and education via joint initiatives with academia and industry. Financial Secretary Paul Chan called the policy a practical blueprint for expanding tokenization and reinforcing Hong Kong’s role as a global financial leader.

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