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Hong Kong media: Retail investors can already participate in "securities tokenization" under specific circumstances in accordance with the new guidel

Hong Kong media: Retail investors can already participate in "securities tokenization" under specific circumstances in accordance with the new guidel

CointimeCointime2023/11/03 02:54
By:Cointime

It was reported by the Hong Kong Economic Journal that retail investors can now participate in "securities tokenization" under specific circumstances based on the new guidelines issued by the Hong Kong Securities and Futures Commission. The report pointed out that the Securities and Futures Commission of Hong Kong issued a circular yesterday after the market closed to replace the 2019 STO (Security Token Offering) statement. It will no longer regard all security tokens as "complex products". For traditional securities packaged as tokens, such as bonds or funds, the restriction of "not limited to professional investors" can be revoked to allow retail investors to participate.

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