PANews reported on February 15 that according to the Hong Kong Wen Wei Po, a fund issuer had previously expected to launch the first tokenized retail money fund in the Asia-Pacific region in Hong Kong at the end of this month. The CEO of the Hong Kong Securities and Futures Commission, Leung Fung-yee, said that she had discussed the Ensemble project with the HKMA and believed that money market funds have the greatest potential for tokenization among real-world assets because they can make subscriptions and redemptions efficient. Currently, many other tokenization applications are under review, including retail products and money market funds.

Liang Fengyi also revealed that the Hong Kong Securities and Futures Commission has set up an industry consultation group for licensed virtual asset trading platform (VATP) operators, hoping to release a development roadmap in the near future. Currently, 9 valid applications are being processed, and it is reiterated that there is no upper limit or target for issuing licenses. In addition to virtual asset trading platforms, the Securities and Futures Commission will also assist the Financial Services and the Treasury Bureau in formulating a regulatory framework for virtual asset custody and over-the-counter (OTC) trading, and it is expected to publicly consult the market again this year.