Gate News message, April 20 — Hong Kong’s Securities and Futures Commission (SFC) has launched a new regulatory framework allowing SFC-authorized tokenized products to be traded around the clock on licensed platforms, including overnight and on weekends. As of March 2026, 13 tokenized products have been sold to the public, with total assets under management (AUM) for tokenized shares reaching HK$10.7 billion (approximately $1.37 billion USD), representing roughly sevenfold growth over the past year.
The framework integrates traditional finance with the Web3 ecosystem through regulated stablecoins and tokenized deposits. SFC CEO Liang Fengyi stated: “This initiative allows traditional securities products to be traded at night and on weekends after tokenization, and promotes all-weather liquidity through the use of regulated stablecoins and tokenized deposits.” The initial batch of eligible products will focus on low-risk funds to ensure stable operations. To support 24/7 trading, the Hong Kong Monetary Authority (HKMA) and SFC are building a three-layer digital money infrastructure, including EnsembleX (launched November 2025 with participants such as HSBC, Standard Chartered, and Bank of China) and EnsembleTX, a platform for settling tokenized deposits between banks.
The HKMA implemented a mandatory licensing regime for fiat-referenced stablecoins in March 2026, requiring a minimum HK$25 million capital and full reserve backing. However, as of April 2026, the regulator has not yet issued any licenses, having missed its self-imposed March deadline. SFC Executive Director Yip Chi-hang confirmed this is the first globally predictable framework for trading tokenized authorized funds and noted the SFC is also developing frameworks for perpetual contracts and margin financing for virtual assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Arkham Launches Decentralized Trading for Solana Ecosystem Tokens
Abstract (English): Arkham has launched a decentralized trading feature for Solana ecosystem tokens, enabling high-frequency, low-latency trading directly on its platform. It filters tokens by volume, market cap, and liquidity, and tracks top traders, high‑PnL wallets, KOLs, and FnFs, while providing real-time activity, holdings history, and deployment records in one interface. Supported by Arkham’s analytics backbone of hundreds of thousands of traders, billions of address labels, and hundreds of millions of alerts.
Summary (English): Arkham launches a decentralized Solana trading feature with real-time data, token filters, and top-trader monitoring, powered by its large analytics platform.
GateNews35m ago
Tempo Launches Stablecoin Consulting Service, Partners with DoorDash to Explore Stablecoin Payouts
Gate News message, April 21 — Tempo, a blockchain project backed by Stripe and Paradigm, has launched a stablecoin consulting service to help enterprises and financial institutions adopt stablecoins. The service includes identifying suitable use cases and deploying embedded engineers to work directl
GateNews43m ago
DDC Enterprise Launches Bitcoin Treasury AI Operating System with Treasury Graph Framework
Gate News message, April 21 — DDC Enterprise, a U.S. publicly listed company, announced the launch of "DDC Treasury Intelligence Platform," an AI operating system designed for enterprise bitcoin reserve management. Developed in collaboration with Appnovation, the platform leverages large language
GateNews44m ago
Portal Launches 2.0 with AI-Native Focus, Led by Former Ubisoft Director Benjamin Charbit
Gate News message, April 21 — Portal, a cross-chain gaming platform, announced the launch of Portal 2.0, driven by a new leadership team backed by Animoca Brands. Benjamin Charbit, former game director at Ubisoft, has been appointed as CEO. The platform is shifting its strategic focus toward
GateNews1h ago
Startale Expands to Abu Dhabi to Scale Regulated Blockchain Infrastructure
Startale Group, the global crypto infrastructure company behind Japan’s largest public Astar Network chain, is taking one of the world’s fastest-growing state-backed crypto ecosystems in
Abu Dhabi
The company was selected as one of 27 firms from more than 2,400 global applicants for the Hub71
DailyCoin1h ago
KelpDAO $290M Exploit Attributed to North Korea's Lazarus Group
LayerZero attributed a $290 million exploit of KelpDAO's cross-chain rsETH configuration to North Korea's Lazarus Group on April 18, describing the attacker as a "highly-sophisticated state actor." According to LayerZero, the incident was limited to KelpDAO's rsETH setup and did not spread to other
CryptoFrontier2h ago
