[Hong Kong SFC Announces New Regulations for Tokenized Investment Products] According to the Hong Kong Securities and Futures Commission (SFC), on April 20, the SFC unveiled a new regulatory framework allowing tokenized SFC-approved investment products to be traded in the secondary market. The new guidelines support tokenized open-ended funds to be traded on licensed virtual asset trading platforms and consider over-the-counter trading arrangements. As of March 2026, Hong Kong has already issued 13 tokenized products to the public, with the total value of assets under management in tokenized share classes reaching approximately HK$10.7 billion. The first batch of products is expected to be tokenized money market funds. The new measures cover fair pricing, orderly trading, liquidity provision, and information disclosure.