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Hong Kong’s securities regulator is exploring the possibility of approving crypto spot ETFs, signaling a potential shift in the regulatory landscape in the region. The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have published a joint circular, noting a growing number of inquiries interested in launching spot crypto exchange-traded funds (ETFs). While the SFC has granted permission for licensed crypto providers to offer crypto currency futures ETFs in Hong Kong, the regulator hasn’t made the same move for spot ones. However, this time, the SFC has stated that it is “prepared to accept applications for the authorization of other funds with exposure to crypto currencies,” including spot crypto ETFs. You might also like: Hong Kong mulls green bond sale using blockchain “The SFC and the HKMA have reviewed their existing policy for intermediaries which wish to engage in virtual asset-related activities. Th...

UK authorised funds can now develop and implement tokenisation models. The green light comes after the Technology Working Group of the Government’s Asset Management Taskforce published its report on UK fund tokenisation. The HM Treasury and the Financial Conduct Authority (FCA) collaborated on the initiative. UK investment funds have the approval to develop tokenisation, with the development coming after the establishment of a government taskforce on asset management earlier this year. The announcement follows the publication of a report on tokenisation by the Technology Working Group of the Government’s Asset Management Taskforce, the Investment Association (IA) said in a press release. According to the industry body, the ‘ UK Fund Tokenisation – A Blueprint for Implementation ‘ report includes input from HM Treasury and the Financial Conduct Authority (FCA) and provides for a roadmap on use of distributed ledger technology (DL...