Finance & Economics

1. Introduction We live in an era where digital innovation and environmental sustainability are increasingly shape global industries. The intersection of tokenization and real-world assets is garnering significant attention. Tokenization — the process of converting physical assets into digital tokens on a blockchain — is transforming the way assets are bought, sold, and traded. Among […]

In recent years, digital currencies have become a hot topic, with terms like USDT (Tether) and central bank digital currencies (CBDCs) frequently discussed. Although both types of currencies share some digital features, they are fundamentally different in structure, purpose, and stability. As digital currencies become increasingly prevalent, distinguishing between various types is crucial. This post

On 28 August 2024, the Hong Kong Monetary Authority (“HKMA”) took another step ahead in fostering financial innovation with the launch of the “Ensemble” sandbox. For a link to the HKMA’s announcement, see here: Hong Kong Monetary Authority – HKMA launches Project Ensemble Sandbox to accelerate adoption of tokenisation For clients of mine in Mainland

UPDATE: See consultation conclusions issued 17 July 2024 here. This week, Hong Kong is set to unveil the results of its consultation on stablecoins, a pivotal development in the realm of virtual assets. The Financial Services and the Treasury Bureau, along with the Hong Kong Monetary Authority, have been deliberating on regulatory frameworks for issuers