The Hong Kong Monetary Authority (HKMA) has unveiled a strategic roadmap to boost the city’s fintech industry, with tokenization playing a central role. The HKMA’s Fintech 2030 strategy aims to achieve this growth over the next five years through four key pillars: DART (data, artificial intelligence, resilience, and tokenization). It will focus on accelerating the tokenization of real-world assets (RWAs), including financial assets. The HKMA is taking concrete steps by regularizing the issuance of tokenized government bonds and exploring the potential for tokenizing the Exchange Fund papers, all while pushing forward with the stablecoin launch – e-HKD. This pilot program has already enabled efficient settlements on blockchains, offline payments and programmable features.