Hong Kong Securities and Futures Commission: There is a trend of tokenization of traditional financial products

Tsai Chung-hui, the temporary head of the intermediary agency department of the Hong Kong Securities and Futures Commission, stated at the Asian Financial Forum that regulation of virtual asset trading platforms is very important. This involves the reliability of the public's investment of virtual assets on a platform, so it is necessary to consider the design and security measures involved, as well as how to deal with network attacks. Tsai Chung-hui stated that traditional financial products are showing a trend towards tokenization, and attention is being paid to whether ownership will be lost and whether related technologies are reliable. The industry has proposed whether customers can be allowed to extract virtual assets through financial intermediaries, and the Hong Kong Securities and Futures Commission's position is that if it involves licensed platforms, it is recommended that it can be done.