The Chinese financial regulator has advised major brokerage firms to refrain from activities related to the tokenization of real-world assets (RWA) in Hong Kong. These recommendations were communicated informally and pertained to at least two leading financial institutions.
This is reported by Business • Media
Financial Restrictions and China’s Strategy
The China Securities Regulatory Commission (CSRC) has called on local brokers to temporarily suspend projects related to asset tokenization in Hong Kong. According to information from informed sources, these directives do not have official status but have been conveyed to market participants over the past few weeks. One party emphasized that this move is aimed at minimizing the risks associated with the introduction of new financial instruments and ensuring proper preparation for the potential scaling of this initiative. Additionally, the regulator wants to ensure that there is a legitimate basis for companies’ claims regarding participation in RWA tokenization.
“The step is aimed at reducing the risks of this new line of activity and ensuring proper preparation before its scaling. The regulator also wants to be confident that companies’ claims are based on legitimate grounds.”
Trends in Hong Kong’s Cryptocurrency Market
These events are occurring against the backdrop of the active development of the cryptocurrency market in Hong Kong. Over the past year, the regional authorities have been working diligently to create a digital financial hub, implementing a licensing regime for cryptocurrency exchanges and declaring support for financial innovations.
Among recent news is the intention of one of China’s largest developers, Seazen Group Ltd, to issue tokenized private debt by the end of 2025. Furthermore, in June 2025, CoinGecko published an analytical report indicating that the volumes of tokenization of treasury assets increased by 545%, reaching $5.6 billion, while the stablecoin market approached nearly $225 billion.