On July 5, 2025, Hong Kong is actively positioning itself as a global leader in digital assets. The city is focusing on expanding tokenized government bonds and implementing comprehensive policy reforms. This initiative aims to integrate digital assets into its financial ecosystem, driving economic growth and innovation on a global scale.
The Hong Kong government released the "Policy Statement 2.0 on the Development of Digital Assets" on June 26, 2025. This policy reinforces the city's commitment to becoming a global hub for digital asset innovation. The policy introduces the "LEAP" framework, which focuses on legal and regulatory streamlining, expanding tokenized products, advancing use cases, and developing talent.
In June 2025, the issuance of green and infrastructure bonds totaled approximately HK$27 billion, attracting significant interest from global institutional investors. The government plans to regularize the issuance of tokenized government bonds. A licensing regime for stablecoin issuers will start August 1, 2025, to facilitate the development of real-world use cases. (Source: Various sources, June-July 2025)