Hong Kong’s LEAP Boosts Digital Assets & Stablecoins
Hong Kong’s Policy Statement 2.0 with LEAP framework aims to lead in global digital assets via tokenization, stablecoin licensing & innovation.
- LEAP framework targets legal clarity, tokenized products, stablecoin use cases, and talent.
- New stablecoin license regime starts August 1 after May’s ordinance.
- Cyberport funding accelerates real-world blockchain and tokenization projects.
LEAP: A 4‑Point Framework
Legal & Regulatory Streamlining – Hong Kong’s Policy Statement 2.0 brings regulatory clarity by assigning the Securities and Futures Commission (SFC) to oversee digital asset trading and custody. The Financial Services and Treasury Bureau (FSTB) and HKMA are also working to update laws supporting tokenized bonds and financial instruments.
Expanding Tokenized Assets – Tokenized government bonds will become a regular feature. The government also plans to encourage tokenizing ETFs, gold, metals, and green assets, alongside clear rules to enhance secondary market trading.
Advancing Use Cases – A stablecoin issuer licensing regime launches on August 1, following the recent approval of the Stablecoins Ordinance. Cyberport has also introduced a pilot funding scheme offering up to HK$500,000 per project to support tokenization, stablecoins, and blockchain innovations.
People & Partnerships – The city plans to build academic and industry partnerships to nurture talent, support collaborative research, and position Hong Kong as a hub for digital asset expertise in the region.
Why It Matters: HK Aims to Lead
Balancing Innovation & Protection
Financial Secretary Paul Chan emphasized that Hong Kong’s goal is to integrate digital assets into everyday life through prudent, forward-looking regulation. The HKMA’s upcoming stablecoin regime will require issuers to meet high standards for reserves, redemption rights, security, and compliance, ensuring investor protection.
A Competitive Crypto Hub
By building a robust ecosystem—from legal structure and real-world tokenized products to research and funding—Hong Kong is making a strategic move to become a global leader in digital finance. The LEAP framework and stablecoin regulation place the city ahead of regional competitors in the race for crypto innovation.
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- Hong Kong’s LEAP Boosts Digital Assets & Stablecoins
