Hong Kong Securities and Futures Commission: Supporting the market to promote regulatory compliance of digital asset funds and tokenized funds

The Hong Kong Securities and Futures Commission (SFC) recently partnered with the Hong Kong and Greater Bay Area Fund Administrators Association to hold a seminar, expressing its unwavering support for the market's efforts to promote regulatory compliance.

The event aimed to enhance the industry's understanding and implementation of compliance standards in the rapidly evolving digital asset landscape. Dr. Ip Chi-hang, Executive Director of the SFC's Intermediaries Department, delivered a keynote speech. Participants engaged in in-depth discussions on various risk management and oversight measures, focusing on how to support the efficient and compliant operation of digital asset and tokenized funds.

The discussion particularly emphasized the importance of strengthening internal collaboration within the fund industry, promoting the application of technological innovation in fund management, and continuously enhancing technical capabilities and regulatory compliance related to digital assets.

Dr. Ip stated, "The SFC is committed to promoting professional standards and fostering mutual trust in the digital asset market. By supporting the industry's continued compliance with regulatory requirements for digital asset and tokenized funds, we aim to build a safe, reliable, sustainable, and competitive digital asset fund ecosystem centered on robust risk management and investor protection."