Deloitte: The Hong Kong government is actively promoting the normalization of tokenization, with the next step expected to explore more application scenarios in the sandbox

Deloitte Hong Kong's Digital Assets Partner, Lyu Zhihong, pointed out that the Policy Address proposed that the Hong Kong Monetary Authority will continue to advance the Ensemble project and the regularization of tokenized bond issuance, indicating that the government is actively promoting the transition of tokenization from pilot to normalization. He noted that as tokenized bonds gradually become normalized, the next step is expected to explore more application scenarios in the sandbox, including trade financing and fund distribution, strengthening Hong Kong's position as a demonstration market in the global RWA tokenization wave and further deepening and diversifying the capital market. He expressed pleasure in seeing the government promote innovation while enhancing risk management through the regulatory sandbox, establishing a licensing system for digital asset trading and custody services, and introducing automated data monitoring tools to ensure a balance between innovation and stability, helping Hong Kong build a trustworthy and forward-looking digital asset ecosystem