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According to Golden Finance, GF Securities (Hong Kong) successfully issued all-digital bonds, achieving a milestone development and becoming one of the pioneer financial institutions in the tokenization of traditional financial assets in Hong Kong. Powered by ABT Tech Limited's (ABT) advanced real-world asset tokenization platform, this innovative offering marks a key milestone for the first non-custodial wallet institutional Token use case on a public Blockchain in a global financial center.

Odaily Planet Daily reported that at the 2023 Shanghai Blockchain International Week·Blockchain Global Summit hosted by Wanxiang Blockchain Laboratory, Qiu Dagen, a member of the Legislative Council of the Hong Kong Special Administrative Region (technological innovation community), delivered a keynote speech "Steady and Prudent Promotion" Sustainable Development of Web3 in Hong Kong", Qiu Dagen elaborated on the "Three Arrows and Three Circles" economic and technological development policy initiative submitted to the Hong Kong Chief Executive. The "Three Arrows" are to promote government investment in the field of science and technology. Among the "three circles", the first circle is that the government promotes the tokenization of land and issues asset-backed tokens (ABT) to support the development of Xintian Science and Technology City. The second round is to speed up the launch of digital Hong Kong dollars at the retail level and implement a two-tier system. The Hong Kong Monetary Authority issues digital Hong Kong dollars to banks, and then commercial banks serve as processors and issue them to users. Cross-border payments will be explored through retail digital Hong Kong dollars, and digital currencies from other banks will be explored. interconnection. The third round is to promote the development of Hong Kong dollar stable coins, support private institutions in issuing compliant Hong Kong dollar stable coins, and launch the "Hong Kong dollar stable currency" sandbox.

On August 11th, the Hong Kong virtual asset exchange HKVAX issued a document stating that HKVAX has received a notice of approval in principle issued by the Hong Kong Securities and Futures Commission (SFC) to conduct Type I and Type VII regulated activities. Became the third licensed virtual asset trading platform in Hong Kong. HKVAX will provide three core products, including over-the-counter (OTC) brokerage services, which feature narrow spreads and high liquidity, allowing users to easily trade between legal tender and virtual assets; institutional-level trading platforms; and 100 % Guaranteed custody services, in which asset access rights and control are clear, and assets held by customers and the company itself are also clearly separated. HKVAX was founded by Hong Kong entrepreneurs. Its co-founder and chief operating officer is Fok Siu-leung, and its co-founder and chief executive officer is Dr. Wu Weiliang. HKVAX aims to establish a new standard for digital asset transactions, creating a bridge between traditional finance and digital finance for local and global markets, and aims to become an industry for new product categories such as Security Token Offering (STO) or Asset Backed Token (ABT) benchmark.