According to CoinMeta, Hong Kong Financial Services and Treasury Bureau Secretary Henry Yau stated that Hong Kong plans to pilot the tokenization of Exchange Fund bills by the end of 2026. Xunqing Settlement (CMU) will establish a digital asset platform within 2026. Hong Kong will improve the licensing system for virtual assets and the regulatory framework for tokenized investment products, and promote the trading of regulated stablecoins on licensed platforms as well as expanding their use cases.