The updated strategy introduces the “LEAP” framework, which stands for “Licensing, Education, Application, and Protection.” The government plans to streamline regulatory oversight for crypto service providers, including exchanges, stablecoin issuers, and custodians.
At the same time, the statement sets out goals for scaling RWA tokenization through legal clarity, new infrastructure, and public-private collaboration. Hong Kong Financial Secretary Paul Chan emphasized the importance of blockchain in enabling lower-cost and more inclusive financial services.
In parallel, the Financial Services and the Treasury Bureau (FSTB), in coordination with the Hong Kong Monetary Authority (HKMA), will conduct legal reviews to ease the path for RWA tokenization.
Beyond financial instruments, Hong Kong’s policy looks to incentivize tokenization across sectors, including precious metals, non-ferrous metals, and renewable energy.
This includes initiatives to boost security, interoperability, and use case development across both the public and private sectors. The goal is to create a more strong and scalable foundation for crypto asset adoption across industries.
Featured image created with DALL-E, Chart from TradingView
