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

SFC Circular on intermediaries engaging in tokenised securities-related activities (23EC52)

Guidance for licensed intermediaries dealing in, advising on, issuing or distributing tokenised securities. It defines tokenised securities as traditional SFO securities using DLT, distinguishes them from more novel digital securities, and confirms existing requirements still apply while setting expectations on the new risks from the technology. It superseded the SFC's 2019 statement on security token offerings.

In force · effective 2 Nov 2023 · part of SFC framework for tokenised securities and tokenised SFC-authorised investment products