Hong Kong Aims to Expand Stablecoin Trading and Tokenized Assets

Hong Kong has outlined plans to expand its regulated stablecoin trading and tokenized real-world assets, as part of its 2026 Policy Address. The government aims to enhance virtual asset licensing rules and develop specific regulatory guidelines for service providers.

The Securities and Futures Commission will improve the framework for tokenized investment products, allowing gold and other suitable assets to be issued and traded on licensed platforms. Regulated stablecoins are set to be permitted for trading on virtual asset platforms and used for settling tokenized money market funds.

Standard Chartered-backed Anchorpoint Financial has already rolled out its Hong Kong dollar-backed HKDAP stablecoin, which supports cross-border payments and fiat conversion. The bank plans to introduce subscription and settlement services for tokenized money market funds in the fourth quarter of 2026.