A weekly publication on how banks, market infrastructure and regulators across India, Singapore and Hong Kong could use Ethereum for tokenisation, settlement and verification.
Latest Weekly Brief · No. 9 ·
On 26 October the SFC approved the first secondary trading of tokenised SFC-authorised funds, ChinaAMC's HKD and USD digital money market funds, on a licensed virtual asset trading platform, around the clock. Ethereum's developers held Glamsterdam back on the Hoodi testnet while ChainSecurity and DDAO analyse its gas changes.
Read Weekly Brief No. 9Hong Kong · FSTB · Rule
Why it matters: For SFC-licensed platforms the law adds little beyond a tax-residence check and an annual return; its reach is the unlicensed firms with a Hong Kong nexus, which now have to register with the tax authority whether or not they have anything to report.
Hong Kong · HKMA · Other
Why it matters: 24/7 settlement in central bank money frees tokenised deposits from RTGS hours; the stablecoin trial, which brings licensed non-bank tokens onto the same HKMA infrastructure, is the larger change.
Hong Kong · SFC · Speech
Why it matters: The SFC is being proactive in balancing innovation with safeguards: tokenisation's business cases will take more than technology, and by inviting firms to experiment with it early, the regulator gets the right checks and balances in place as real traffic scales on the building blocks Hong Kong has built.
Registers of holders for tokenised money market funds: offchain registrars, tokens as the register, platform ledgers and shielded pools
A tokenised money market fund records who holds what on a ledger. In Singapore, Hong Kong, Japan and South Korea, who keeps the legal register of holders, and who can therefore see them?
Singapore, Hong Kong, Japan, South Korea