Hong Kong’s Securities and Futures Commission (SFC) has approved 17 tokenized retail products. Together they hold US$1.3 billion in assets, as reported by Blockhead.
The SFC has also approved the first tokenised money market funds for trading on licensed platforms. It named tokenised gold exchange-traded funds as a possible next pilot.
Three insights for banks, exchanges and financial firms:
• Tokenised funds can now trade on licensed platforms, not just be issued. This makes exchanges a new way for asset managers to reach investors. Banks and exchanges that partner early will shape how retail investors buy these products.
• The SFC opens the market one asset class at a time. It starts with assets that are easy to value, such as cash funds, and gold comes next. Firms can follow this order to plan which products to tokenise and when.
• The average product holds about US$76 million, so the market is still young. Firms that set up custody, settlement and reconciliation now will be ready as volumes grow. Through Project Ensemble, the SFC and the Hong Kong Monetary Authority are already testing how tokenised funds can settle with digital money.
Read Blockhead’s full coverage : blockhead.co/2026/11/06/hon…
The SFC has also approved the first tokenised money market funds for trading on licensed platforms. It named tokenised gold exchange-traded funds as a possible next pilot.
Three insights for banks, exchanges and financial firms:
• Tokenised funds can now trade on licensed platforms, not just be issued. This makes exchanges a new way for asset managers to reach investors. Banks and exchanges that partner early will shape how retail investors buy these products.
• The SFC opens the market one asset class at a time. It starts with assets that are easy to value, such as cash funds, and gold comes next. Firms can follow this order to plan which products to tokenise and when.
• The average product holds about US$76 million, so the market is still young. Firms that set up custody, settlement and reconciliation now will be ready as volumes grow. Through Project Ensemble, the SFC and the Hong Kong Monetary Authority are already testing how tokenised funds can settle with digital money.
Read Blockhead’s full coverage : blockhead.co/2026/11/06/hon…
www.blockhead.co Hong Kong's SFC Counts 17 Tokenised Retail Products and Floats a Tokenised Gold ETF as Its Next... SFC executive director Elisa Ng said 17 tokenised retail products now hold US$1.3 billion, that a tokenised gold ETF may be the next pilot, and that an "innovation pathway" will offer flexibility for... 
