Aiying reported that Yang Zaiyong, the founder of ABT Tech Limited, which provided tokenized bond issuance support to GF Securities (Hong Kong), said in the latest interview that he would consider applying for virtual asset service provider (VASP) and virtual asset trading platform (VATP) licenses depending on operational needs.
The total issuance value of GF tokenized bonds is about US$1 million, and ABT provides services in wallets, tokenization and user management, and meeting the compliance requirements of the Securities and Futures Commission. In the future, Hong Kong will promote asset tokenization, and stablecoins will play an important role, but the market will not be able to accommodate too many stablecoins in the future. If Hong Kong wants to issue stablecoins, the assets behind them can be promoted through the gold and silver exchange as an entry point, or the circulating treasury bills or even Ethereum can be used as the underlying assets.