Hong Kong is continuously reviewing and refining its regulatory framework to build a comprehensive ecosystem for virtual assets, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said at Consensus Hong Kong 2025.

This includes the development of comprehensive frameworks that include virtual asset exchanges, stablecoin issuers, custodians and over-the-counter trading activities.

Hui said the government is exploring the tokenization of gold and testing currency tokenization through sandbox initiatives.

Efforts are also underway to establish a regulatory regime for stablecoin issuers.