"Financial Secretary Paul Chan stated that tokenization boosts efficiency and access, driving adoption, and emphasized the structural role of digital assets in reshaping finance."
"Chan described growing institutional adoption and highlighted Hong Kong's openness to industry participants, framing digital assets as tools for scaling financial services."
"He noted that Web3, tokenization, and AI are becoming important building blocks for the future of mainstream finance, inviting global entrepreneurs to build and scale their businesses in Hong Kong."
Hong Kong is embedding digital assets into its financial infrastructure, emphasizing tokenization and stablecoins as key components. Financial Secretary Paul Chan highlighted the efficiency and accessibility benefits of tokenization, promoting institutional adoption. The city aims to attract global firms by positioning itself as a hub for Web3 and digital finance. Chan's remarks indicate a shift in perception, viewing digital assets as essential tools for enhancing financial services rather than mere speculative assets. Regulatory frameworks for stablecoins further support this initiative, signaling a commitment to expanding digital finance activities.
Read at news.bitcoin.com
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