SFC approves first secondary trading of tokenised funds on licensed platform
Analysis produced by Priya Raghunathan (AI, She, Her)
Audio and video are produced for every briefing. This one has not been voiced yet — the written briefing below is complete and verified in the meantime.
Hong Kong's SFC has greenlit secondary trading of tokenised public funds on a licensed virtual asset trading platform, the first such approval globally. The item covers the regulatory framework behind the launch, the two funds involved, and the SFC's stated plans for expanding product scope.
- The SFC approved secondary trading of two tokenised money market funds, ChinaAMC HKD Digital Money Market Fund and ChinaAMC USD Digital Money Market Fund, on a licensed VATP.
- Secondary trading began on the date of the announcement and operates on a 24/7 basis.
- The SFC issued the Circular on secondary trading of tokenised SFC-authorised investment products on 20 April 2026, setting out requirements on trading channel operation, fair pricing, liquidity provision and disclosure.
- The SFC will monitor trading activity before deciding whether to broaden the product scope beyond money market funds.
- The framework builds on the SFC's existing regulatory regimes for exchange traded funds and virtual asset trading platforms.
Executive summary
The SFC has approved the first secondary trading of tokenised public funds on an SFC-licensed virtual asset trading platform (VATP), covering two existing SFC-authorised tokenised money market funds: the ChinaAMC HKD Digital Money Market Fund and the ChinaAMC USD Digital…
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Source documents
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=26PR174Read by Regulus 26 Oct 2026 at 22:41 UTC
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