SFC’s Wu Jiali: Tokenized Gold ETFs Could Be the Next Pilot for Secondary Trading
Original headline香港证监会吴家俐：代币化黄金 ETF 可能成为下一个二级交易试点
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Hong Kong's Securities and Futures Commission (SFC) said tokenized gold ETFs could become the next pilot for secondary-market trading, following the first pilot for secondary trading of tokenized money market funds. Speaking at Hong Kong Fintech Week on November 2, Ng Ka Lai (吴家俐), Executive Director of Investment Products, said the regulator will closely monitor the initial pilot and consider gradually extending the model, with tokenized gold ETFs a potential next step. The SFC is also launching an "innovation channel" to offer regulatory flexibility and guidance for innovative products with significant benefits, supporting controlled pilots and timely product launches. Ng noted that combining tokenized money market funds with digital currencies could help reduce settlement and reconciliation frictions. Watch for details on the pilot's scope, eligible participants, and which tokenized gold ETF products may be approved.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Securities and Futures Commission (SFC) of Hong Kong, Wu Jiali, Tokenized Gold ETF, Tokenized Money Market Funds