Huaxia Fund Hong Kong Explores Asset Tokenization and Stablecoin Ecosystem

According to Odaily, Zhu Haokang, the head of crypto asset management at Huaxia Fund (Hong Kong), shared the company's active exploration in the fields of asset tokenization STO and compliant stablecoin ecosystem at the 19th Asian Investment Summit. Zhu stated that Hong Kong has launched a series of policies and regulatory measures to support the development of the crypto asset industry over the past two years, leading the world. Since the release of the virtual asset declaration at the end of last year, Hong Kong has established the Web3.0 Association and initiated the Digital Hong Kong Dollar plan. The Hong Kong Securities and Futures Commission has advanced the licensing system for Virtual Asset Service Providers (VASP), and the Monetary Authority has launched three fintech innovation sandboxes, including stablecoins. These developments highlight Hong Kong's commitment to fostering a conducive environment for the growth of the crypto asset industry.