Hong Kong Computer Society: Settlement of tokenized assets with digital Hong Kong dollars

Chen Yingfeng, a member of the Hong Kong Computer Society's fintech expert group executive committee, said that tokenized assets should be settled in digital Hong Kong dollars. He pointed out that after the Hong Kong Securities and Futures Commission issued a circular on tokenized securities, various tokenized products have been launched in the market. To highlight the advantages of tokenized products, both parties in a reasonable transaction will use digital currency for settlement and operation. In order to avoid the market relying on circulating cryptocurrencies and stablecoins, it is appropriate for the Hong Kong government to implement digital Hong Kong dollars. This is the only way to better develop Hong Kong into a Web3.0 hub and consolidate its position as an international financial center.