Hong Kong to relax crypto trading rules launch tokenisation pilot

Hong Kong announced on 3 November 2025 that it will ease regulatory restrictions on cryptocurrency trading and launch a new tokenisation pilot programme. The initiative is aimed at strengthening Hong Kong’s position as a fintech and digital-asset hub by enabling licensed platforms to share global order-books and offer tokenised assets. Officials say the move will attract international investment, boost infrastructure for digital asset trading, and foster innovation, though detailed rules, investor protections and rollout timelines remain to be clarified.