Tokenization Revolutionizes Asset Management: Hong Kong Official

Hong Kong is experiencing a significant shift in asset management thanks to the acceptance of tokenized deposits by banks and their subsequent investment in tokenized money market funds, according to Odaily. This development marks a transition from the ‘2.0’ era of asset management to a new paradigm exemplified by ‘3.0’. Hong Kong’s InvestHK Global Head of Financial Services and Technology, Sustainable Development, King Leung, predicts that within ten years, the adoption of tokenized funds will reach a level comparable to the prevalence of ETFs today.