Hong Kong's new policy initiative: tokenization ETFs will be exempt from stamp duty to promote the development of digital assets.

[Coin World][Hong Kong Tokenized ETFs to Enjoy Stamp Duty Exemption] The Hong Kong Financial Services and the Treasury Bureau today released the “Hong Kong Digital Asset Development Policy Declaration 2.0”, which points out that the Hong Kong government will increase efforts to expand tokenization schemes, promoting a wider range of asset and financial instrument tokenization, showcasing the diverse applications of this technology in different sectors, including precious metals (such as gold), non-ferrous metals, and renewable energy like solar panels. Currently, all ETFs listed on the Hong Kong Stock Exchange are exempt from stamp duty when transferred. To promote the development of the tokenization market, the Hong Kong government will clarify that the measures for stamp duty exemption also apply to tokenized ETFs, which clarifies the stamp duty situation for tokenized ETFs after they are allowed to trade in the secondary market in the future. The “Policy Declaration 2.0” has also made it clear that market participants are encouraged to explore the advantages of tokenizing ETFs, including introducing them for secondary market trading on licensed digital asset trading platforms or other platforms.