#Gate广场圣诞送温暖 Hong Kong’s Digital Asset Regulatory “Puzzle” Nears Completion, CFX and Other Hong Kong Concept Tokens Set for Policy Boost

Hong Kong SFC CEO Julia Leung recently emphasized that the regulatory framework for digital asset trading and custody services is about to be finalized, seen as the last two key “puzzle pieces” in building a robust digital asset ecosystem in Hong Kong. This development closely follows the city’s release of the “Digital Asset Development Policy Statement 2.0,” underscoring Hong Kong’s determination to become a global digital asset hub.

Below, we analyze the potential impact of these developments on Hong Kong concept tokens (such as CFX), based on policy and market dynamics:

🔥 Core Positive Factors

1. Improved Regulatory Framework Enhances Market Confidence
· Hong Kong is systematically advancing digital asset regulation through the “LEAP” framework, covering trading platforms, stablecoins, custody services, and other key areas.
· The licensing regime for trading and custody services will complete consultations by August 2025, further strengthening compliance and investor protection, paving the way for institutional capital entry.
2. Expansion of Tokenized Asset Market, Injecting Real Demand
· Hong Kong’s tokenized product market has reached approximately $3 billion, spanning green bonds, money market funds, gold products, and more.
· The government plans to regularize tokenized bond issuances and expand into precious metals, renewable energy, and other diversified assets, providing real-world use cases for blockchain projects.
3. Coordinated Development of Stablecoins and RWA (Real World Assets)
· The “Stablecoin Ordinance” will be implemented by August 2025, requiring 100% reserve backing and strict supervision, providing infrastructure for payments, settlements, and tokenized asset circulation.
· RWA is a key focus area; for example, Conflux (CFX) has participated in Hong Kong’s green energy asset tokenization projects, highlighting policy support for technology adoption.
4. Accelerated Integration of Traditional Finance and Digital Assets
· Licensed brokers (such as Guotai Junan International) are now approved to offer virtual asset trading services, attracting high-net-worth clients and incremental funds.
· Tokenized ETFs enjoy stamp duty exemptions and other policy incentives, further reducing trading costs and stimulating liquidity growth.

💎 Potential Impact on CFX

· Policy Correlation: As a key public chain project in Hong Kong, CFX has rallied multiple times on policy tailwinds (e.g., after Hong Kong’s virtual asset policy opening in 2023, CFX surged nearly 1,500%).
· Technology Adoption Advantage: Conflux is already involved in Hong Kong’s RWA sector, closely aligning with government-driven use cases like green energy and warehousing/logistics tokenization.
· Ecosystem Synergy Opportunities: As stablecoin and tokenized trading volumes grow, CFX could become a crucial liquidity hub for digital assets.

Note: Market volatility risks remain—attention should be paid to the rollout of detailed regulations and the global macro environment.

Driven by “regulation + innovation,” Hong Kong is moving from a testing ground to an institutionalized digital asset center. CFX and other Hong Kong concept tokens may benefit from policy tailwinds and real-world application expansion, but long-term value will depend on technology adoption and ecosystem development.

References: Hong Kong Government “Digital Asset Development Policy Statement 2.0”; SFC regulatory consultation documents; RWA and stablecoin updates.

#CFX #RWA #稳定币
(This article is for informational analysis only and does not constitute investment advice.)