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The Finance Service Secretary said ahead of a major International Blaxain Conference that Hong Kong focuses on tokenization and staplecakes to improve its web -3 industry, as the city’s virtual property bush faces increased the competition from the United States.

Tokenization is one of the “defining tendencies”, and the “deep transformation” development of traditional financial markets, the secretary of the financial services and the Treasury Christopher Hui Singh-Yu Yu, in a keynote speech on Tuesday.

U.S. The consensus organized by the Crypto News outlet Goindesk is one of the largest conferences in the industry. Organizer Added Hong Kong as a place In its first larger expansion this year, the Kyindesk was acquired by the Cryptocurrency Exchange in November 2023. The main consensus Hong Kong event begins on Wednesday.

Tokenization refers to the process of creating commercial tokens in a blockchain that refers to the rights of real world assets.

First Bonds and Future Authority (SFC) Circular published in November 2023, outlines the requirements for token -made investment products, and Hong Kong companies high in this course, which highlights the flexibility and access of token -made products.
The HSBC Gold Token is the first retail product offered by a bank in Hong Kong because HSBC says that the government is pressing to provide more token assets. Photo: HSBC
The HSBC Gold Token is the first retail product offered by a bank in Hong Kong because HSBC says that the government is pressing to provide more token assets. Photo: HSBC

In March last year, HSBC introduced the HSBC Gold Token for its retail customers in Hong Kong.

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