Bitcoin 
Ethereum 
Tether 
BNB 
Solana 
XRP 
USDC 
Lido Staked Ether 
Cardano 
Avalanche 
Hong Kong digital asset strategy is entering a new chapter with the introduction of the LEAP framework.
This comprehensive plan puts stablecoin licensing and real-world asset (RWA) tokenization at its core, signaling Hong Kong’s ambition to lead global crypto innovation.
The LEAP strategy focuses on four pillars: legal clarity, ecosystem expansion, application in real-world sectors, and talent development. It builds on the government’s foundational digital asset policy issued in 2022. Now, the goal is a more defined and regulated crypto space to support innovation without sacrificing control.
Starting August 1, a stablecoin licensing regime will be rolled out. The Securities and Futures Commission (SFC) will handle licensing for digital asset custody and dealing. At the same time, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority will review the legal framework for tokenizing RWAs. This unified effort boosts credibility and investor confidence.
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LEAP drives real-world use cases for stablecoins and tokenization
The policy introduces regulated issuance of tokenized government bonds, a bold step toward crypto-integrated public finance. It also clarifies the stamp duty rules for tokenized ETFs, which could soon trade on licensed platforms. This opens the door to secondary markets and broader adoption.
Additionally, Hong Kong is planning to apply tokenization to metals like gold and green assets such as solar panels. These moves underscore the government’s belief in blockchain’s potential across industries beyond finance.
Innovation incentives are also part of the package. A Cyberport funding program will support blockchain and digital asset startups with strong potential. Financial Secretary Paul Chan emphasized the strategy’s intent to integrate crypto innovations with everyday life and the real economy.
Hong Kong digital asset strategy prepares for crypto derivatives
Hong Kong is not stopping with spot crypto ETFs or staking. Authorities are working on regulated crypto derivatives for professional investors. The city already gave HashKey permission to offer staking services in April and approved multiple ETF products.
In May, the Legislative Council passed the Stablecoin Bill, setting the legal foundation for the current LEAP initiative. With this regulatory clarity and a growing financial toolkit, Hong Kong strengthens its position as a future leader in digital assets and Web3 development.
The new Hong Kong digital asset strategy is not just regulatory—it’s a full-blown vision for the crypto economy’s future. By aligning policy, innovation, and real-world utility, Hong Kong aims to become the global epicenter of digital finance.
