Hong Kong Strengthens Focus on Tokenization and Stablecoins

Hong Kong Strengthens Focus on Tokenization and Stablecoins

According to Christopher Hui, the city's Secretary for Financial Services and the Treasury, Hong Kong plans to give tokenization and stablecoins top priority as important components of its Web3 ecosystem. In an interview with the South China Morning Post, Hui called tokenization a "defining trend" that has the potential to transform conventional financial markets by incorporating digital assets and blockchain technology into Hong Kong's economic...

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