Hong Kong to Pilot Tokenized Exchange Fund Bills and Regulated Stablecoin Trading
Key Highlights Hong Kong will pilot tokenization of Exchange Fund Bills by end of 2026 via a new CMU Omniclear digital asset platform, marking the government’s most direct move to put sovereign debt on-chain. Regulated stablecoins will be permitted to trade on licensed virtual asset platforms, expanding the city’s existing stablecoin issuance framework into secondary ...