Regulation · Instrument · Hong Kong · Guidance · Securities and Futures Commission

SFC Circular on secondary trading of tokenised SFC-authorised investment products (26EC23)

Sets the conditions under which the public may trade tokenised SFC-authorised products, chiefly open-ended funds, on SFC-licensed virtual asset trading platforms through on-screen auto-matching, covering the trading channel, fair pricing, market making (at least one market maker per product), disclosure, client onboarding and notification to the SFC.

In force · effective 20 Apr 2026 · part of SFC framework for tokenised securities and tokenised SFC-authorised investment products