Hong Kong Exchange Explores Multi-Asset Tokenization Platform

Hong Kong Exchange CEO, Chan Yi-ting, announced the exploration of a tokenization platform designed to support diverse assets, rather than focusing solely on tokenized stocks or bonds. According to RTHK, the feasibility and timing of this initiative depend on technological support and market demand. Chan emphasized the exchange's aim for diversification across various products while acknowledging the competitive landscape. She noted the distinct requirements between traditional securities and digital asset trading, stressing careful consideration. Market Director, Yu Xueqin, highlighted that the future direction of the Hong Kong Exchange includes a multi-asset investment product platform. This platform will encompass stock futures, fixed income, gold futures, and will advance commodity products and more individual stock options. Yu also mentioned ongoing efforts to introduce zero-day options (0DTE) as soon as possible. Chief Financial Officer, Xu Lianghua, underscored the importance of investing in future products and platforms. He assured that after distributing the second interim dividend, the group retains corporate funds ranging from 20 to 30 billion HKD for investment purposes, affirming that the exchange faces no financial issues.