Hong Kong SFC Chairman: The market value of the first batch of virtual asset ETFs has exceeded $300 million, and more tokenization use cases will be explored.

Golden Finance reported that Christopher Hui, the Chairman of the Hong Kong Securities and Futures Commission, stated in his speech at the event today that the first batch of virtual asset Spot exchange traded funds (ETFs) in Hong Kong have been operating in an orderly manner since their listing in April, and the current Market Cap has exceeded $300 million. In addition, with the launch of the first Asian virtual asset futures ETF product, retail investors are allowed to manage related risks. He believes that innovative products can continue to drive the Hong Kong financial market forward. Lei Tianliang emphasized that as a financial center, Hong Kong needs to enhance its resilience through innovative technologies and sustainable finance. Currently, attention is also being paid to blockchain technology, which can bring potential advantages such as dropTransaction Cost. Asset and securities tokenization can be one of the main use cases. Currently, we are closely cooperating with the Hong Kong Monetary Authority to explore more tokenization use cases and establish a related ecosystem. Lei Tianliang also reminded that virtual assets have significant Fluctuation risks and should not be considered as investment advice. However, with different risk tolerances among professional and retail investors, and investments in virtual assets through different channels, the Securities and Futures Commission of Hong Kong has decided to introduce a regulatory framework to regulate trading platform activities.