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Hong Kong Legislative Council members propose that the Securities and Futures Commission establish an independent digital assets division, aiming to build an international digital asset hub by 2032.

According to reports from the Hong Kong Commercial Daily, Chau Tat-kun, Legislative Councillor for the Innovation and Technology functional constituency, has released a policy initiative titled the "3+3 Collaborative Development Blueprint". The proposal recommends that the Securities and Futures Commission (SFC) establish an independent dedicated department for digital assets to unify regulatory standards, shorten approval cycles, and build an integrated compliance infrastructure. The proposal simultaneously covers several supporting pathways, including establishing early investment channels for Web3, exploring an over-the-counter fundraising mechanism dubbed the "Hong Kong version Web3 Pink Sheet", and advancing the tokenization of real-world assets (RWA) and tokenized equities, aiming to position Hong Kong as an international digital asset hub by 2032. Currently, Hong Kong has approved 11 virtual asset spot ETFs, the highest in Asia, and the Stablecoin Ordinance has also been legislated.

Hong Kong Legislative Council Member Yau Tat-kin: Proposes Hong Kong Securities and Futures Commission Establish Independent Digital Assets Department

According to the Hong Kong Commercial Daily, Mr. Peter Yau Tak-kan, a Member of the Legislative Council for the Innovation and Technology functional constituency, has issued a policy initiative document titled "The '3+3 Collaborative Development Blueprint: Hong Kong’s Innovative Pathway to Integrate with the Nation’s Future Industries.'" Regarding digital finance (including Web3 and digital assets), Mr. Yau proposed a macro vision to "build an international digital asset hub by 2032," with recommendations covering the establishment of early investment channels for Web3 finance, the creation of a "Hong Kong-version Web3 Pinksheet" over-the-counter fundraising mechanism, and the active promotion of real-world asset tokenization (RWA) and tokenized stocks.