The Hong Kong Securities and Futures Commission (SFC) has issued two circulars explaining regulations concerning digital asset tokenization. The circulars provide recommendations for tokenized securities intermediaries and provide requirements for tokenizing authorized investment products. Tokenized security offerings must follow the Companies Ordinance's Prospectus Regime as well as the Securities and Futures Ordinance. The SFC's decision comes as Hong Kong investigates tokenization, following the Hong Kong Monetary Authority's issue of the world's first tokenized green bond earlier this year.
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