Hong Kong media: Retail investors can already participate in "securities tokenization" under specific circumstances in accordance with the new guidel
It was reported by the Hong Kong Economic Journal that retail investors can now participate in "securities tokenization" under specific circumstances based on the new guidelines issued by the Hong Kong Securities and Futures Commission. The report pointed out that the Securities and Futures Commission of Hong Kong issued a circular yesterday after the market closed to replace the 2019 STO (Security Token Offering) statement. It will no longer regard all security tokens as "complex products". For traditional securities packaged as tokens, such as bonds or funds, the restriction of "not limited to professional investors" can be revoked to allow retail investors to participate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What it’s going to take to hit $100K
MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge
Why analysts are upping price targets for MSTR and COIN
MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago
FIFA Teams Up with Mythical Games to Launch Blockchain-Powered Mobile Soccer Game
Romania Makes History by Using Blockchain to Secure Presidential Election Votes