Regulador de Hong Kong emite requisitos de investimentos tokenizados em meio à demanda
The Securities and Futures Commission (SFC) of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2. The market demand in Hong Kong for tokenized investment products combined with the various benefits of blockchain technology became one of the key drivers for the SFC to consider issuing public guidelines on tokenizing the securities and futures markets. With the conclusion of the closely watched central financial work conference, China has outlined future priorities and directions for the pursuit of the countrys high-quality financial development. The circular broadly details 12 points, emphasizing four aspects — tokenization arrangement, disclosure, intermediaries and staff competence — for eligibility in issuing tokenized securities-related activities. The intent behind the tokenization of SFC-authorized investment products is tied to rising market demand and the governments willingness to facilitate market development. Considering that the underlying product can meet all the applicable product authorization requirements and the additional safeguards to address the associated risks, the SFC stated: “By adopting a see-through approach, the SFC is of the view that it is appropriate to allow primary dealing of tokenized SFC-authorised investment products.” Providers are expected to take full responsibility for their tokenized products, ensure effective record-keeping, and