[Hong Kong SFC Introduces New Regulatory Framework Allowing Tokenized Investment Products to Trade in Secondary Markets] Foresight News reports that the Hong Kong Securities and Futures Commission (SFC) has announced a new regulatory framework to facilitate the secondary market trading of tokenized SFC-approved investment products (tokenized products). The framework aims to enable tokenized open-ended funds to trade on SFC-licensed virtual asset trading platforms, further expanding regulated trading services available to retail investors. The SFC will also consider permitting over-the-counter secondary market trading on a case-by-case basis. As of March 2026, 13 tokenized products have been offered to the public in Hong Kong, with the total assets under management of tokenized class shares increasing to approximately HK$10.7 billion over the past year. The new initiative allows traditional securities products to achieve round-the-clock trading after tokenization and plans to provide liquidity through regulated stablecoins and tokenized deposits. SFC CEO Julia Leung stated that this new framework is a significant milestone in building a digital asset ecosystem, with the first batch of products expected to primarily consist of tokenized money market funds.