BlockBeats News, June 26th. According to Caixin's report, the Hong Kong Financial Services and the Treasury Bureau today issued the "Hong Kong Digital Asset Development Policy Declaration 2.0," which points out that the Hong Kong government will intensify its efforts to expand tokenization schemes, promote a wider range of asset and financial instrument tokenization, and demonstrate the technology's diverse applications in various sectors, including precious metals (such as gold), base metals, and renewable energy sources such as solar panels.
Currently, all ETFs listed on the Hong Kong Stock Exchange are exempt from stamp duty upon transfer. To promote the development of the tokenization market, the Hong Kong government will clarify that the stamp duty exemption measures also apply to tokenized ETFs, effectively addressing the stamp duty situation after tokenized ETFs are allowed for secondary market trading. "Policy Declaration 2.0" has also made it clear that market participants are encouraged to explore the benefits of ETF tokenization, including introducing them for secondary market trading on licensed digital asset trading platforms or other platforms.
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