#Hong Kong Digital Asset Policy 2.0 #

Hong Kong Digital Assets Policy 2.0 launched in June 2025, signals a strong push to become a global digital assets hub. The policy introduces the LEAP framework focusing on Legal clarity Expanding tokenization Advancing use cases and People development.

A major move is the new stablecoin licensing regime set to begin August 1.
It brings strict requirements on reserves and oversight making Hong Kong one of the few jurisdictions with clear stablecoin rules.

Hong Kong is also betting big on tokenization
lThe government and private firms are tokenizing green bonds, gold ETFs and more.
Projects like Project Ensemble show long-term commitment to real world asset digitization.

The city is balancing institutional growth with retail protections.
Licensing is expanding, and incentives are attracting hedge funds and family offices. At the same time stricter rules protect retail users after past scandals like FTX and JPEX.

Compared to rivals like Singapore and Dubai Hong Kong offers stronger capital markets access and deeper ties to China. With proper execution it could take the lead in Asia and globally in digital assets.

So, can Hong Kong lead? Yes
if it keeps moving fast with licenses, liquidity, and innovation. It has the foundation and momentum to become a true global hub.