Securities and Futures Commission of Hong Kong: Supports Market-Driven Regulatory Compliance for Digital Asset Funds and Tokenized Funds

October 20th: In the previous week, the Securities and Futures Commission of Hong Kong demonstrated its support for market-driven regulatory compliance during a seminar organized by the Hong Kong and Greater Bay Area Fund Administrators Association. The seminar was intended to heighten the industry's awareness of regulatory compliance standards within the rapidly expanding digital asset sector. Dr. Ashley Alder, the Chief Executive Officer of the Intermediaries Division of the Securities and Futures Commission of Hong Kong, delivered a keynote address at the seminar. During the seminar, the Hong Kong and Greater Bay Area Fund Administrators Association engaged in discussions about various risk management and monitoring measures to facilitate the management of digital asset funds and tokenized funds. It is important to note that the discussions emphasized the significance of industry collaboration within the fund sector in order to strengthen the adoption of innovative technologies in fund management and enhance the industry's technical and regulatory compliance capabilities related to digital assets. Dr. Alder stated: "The Commission is dedicated to enhancing the professionalism and fostering mutual trust in the digital asset market. By providing support to industry practitioners in their ongoing efforts to comply with regulatory requirements when managing digital asset funds and tokenized funds, we aim to establish a secure, reliable, sustainable, and competitive ecosystem for digital asset funds based on robust risk management and investor protection." (Jinse Finance)