The Hong Kong Inland Revenue Department has clarified that the trading or transfer of tokenized ETF shares or units is exempt from stamp duty.

ChainCatcher reported that the Hong Kong Inland Revenue Department has clarified that the buying, selling, or transfer of tokenized ETF shares or units conducted on licensed digital asset trading platforms or other platforms in Hong Kong will be exempt from stamp duty.

In addition, Hong Kong is promoting the implementation of a licensing regime for digital asset trading service providers and digital asset custody service providers. It is hoped that after the Legislative Council election in December this year, relevant legislative provisions can be submitted to the Legislative Council for review next year. According to Hong Kong Secretary for Financial Services and the Treasury Christopher Hui, Hong Kong will first implement the Hong Kong dollar stablecoin, with the first batch of licenses expected to be issued as scheduled in early 2026.