香港透過代幣化證券和 RWA 創新迎接數位金融革命

香港證券公司廣發證券利用 ABT Tech 提供的以太坊區塊鏈技術，根據香港法律發行了首個代幣化商業票據證券。這項里程碑符合香港證券及期貨事務監察委員會的指導方針，標誌著該地區數位金融領域向代幣化證券的重大轉變。

Hong Kong Embraces Tokenized Securities and RWA Innovation, Signaling a Digital Finance Revolution

香港擁抱代幣化證券和 RWA 創新，標誌著數位金融革命

In a groundbreaking development, GF Securities (Hong Kong), a leading Chinese securities firm, has issued the first short-term commercial paper (Commercial Paper) tokenized securities under Hong Kong's legal framework. This milestone is a testament to the city's unwavering commitment to innovation and its ambition to establish itself as a global hub for digital finance.

中國領先的券商廣發證券（香港）開創性地發行了香港法律框架下首單短期商業票據（Commercial Paper）代幣化證券。這一里程碑證明了該市對創新的堅定承諾以及將自身打造為全球數位金融中心的雄心壯志。

Wave of Digital Transformation

數位轉型浪潮

Hong Kong, renowned as a global financial center, has recently embraced a wave of innovation that is propelling it towards a new era of digital real asset investment. This transformation encompasses advancements in Web 3.0, virtual assets, and, most notably, the tokenization of Real World Assets (RWA).

作為全球金融中心的香港最近掀起了一股創新浪潮，推動其邁向數位實體資產投資的新時代。這種轉變包括 Web 3.0、虛擬資產以及最值得注意的是現實世界資產 (RWA) 的代幣化方面的進步。

The issuance of GF Securities' tokenized securities follows the release of pivotal regulatory guidelines by the Hong Kong Securities and Futures Commission (SFC) in November 2023. These guidelines provide a clear framework for the issuance and trading of tokenized securities, fostering a conducive environment for innovation and investor protection.

廣發證券代幣化證券的發行是在香港證券及期貨事務監察委員會（證監會）於2023 年11 月發布關鍵監管指引之後進行的。這些指引為代幣化證券的發行和交易提供了清晰的框架，為代幣化證券的發行和交易創造了有利的環境。創新和投資者保護。

Benefits of Tokenization

代幣化的好處

Tokenized securities are based on the Ethereum blockchain public network ecosystem and offer numerous advantages over traditional securities. These benefits include enhanced transactional security, transparency, and efficiency.

代幣化證券基於以太坊區塊鏈公共網路生態系統，與傳統證券相比具有眾多優勢。這些好處包括增強交易安全性、透明度和效率。

Furthermore, tokenization eliminates the need for institutional intermediaries, providing investors with direct access to all relevant information. This democratic approach lowers the participation threshold and broadens the investor base, creating opportunities for personalized product design and customized investments.

此外，代幣化消除了對機構中介機構的需求，使投資者可以直接存取所有相關資訊。這種民主的方式降低了參與門檻，擴大了投資者基礎，為個人化產品設計和客製化投資創造了機會。

Tokenized RWA and Increased Investment Accessibility

代幣化 RWA 和提高投資可及性

The tokenization of RWA represents a significant step towards digitizing assets. By allowing tokens to be issued and traded, investors can now own tangible physical assets on a public ledger in blockchains. This development significantly reduces investment thresholds and enhances asset liquidity.

RWA 的代幣化代表資產數位化的重要一步。透過允許發行和交易代幣，投資者現在可以在區塊鏈的公共分類帳上擁有有形的實體資產。這一發展顯著降低了投資門檻並增強了資產流動性。

Additionally, the SFC's recent clarification that Security Token Offerings (STOs) and RWA investments can be accessible to retail investors is expected to attract a substantial influx of funds into the Hong Kong market. This development will further bolster the liquidity and efficiency of RWA and STO markets.

此外，證監會最近澄清散戶投資者可以參與證券型代幣發行（STO）和 RWA 投資，預計將吸引大量資金湧入香港市場。這項發展將進一步增強 RWA 和 STO 市場的流動性和效率。

Hong Kong's Role as an RWA Innovation Hub

香港作為 RWA 創新中心的角色

Hong Kong possesses unparalleled potential to become a leading hub for RWA and STO innovation. Its robust regulatory framework, which strikes a balance between fostering innovation and protecting investors, positions the city as a prime location for driving the adoption of Web3 in the finance industry.

香港擁有無與倫比的潛力，可以成為 RWA 和 STO 創新的領先中心。其強大的監管框架在促進創新和保護投資者之間取得了平衡，使該市成為推動金融業採用 Web3 的黃金地段。

To maintain this momentum, Hong Kong must continue to invest in technological advancements and infrastructure improvements. The open and supportive stance of regulatory authorities towards RWA innovation, coupled with the anticipated inflow of retail investment, will create a fertile ground for the development of innovative RWA products and services.

為了保持這一勢頭，香港必須繼續投資於技術進步和基礎設施改善。監管機構對 RWA 創新的開放和支持立場，加上預期的零售投資流入，將為創新 RWA 產品和服務的開發創造肥沃的土壤。

Embracing the Digital Economy

擁抱數位經濟

Hong Kong's proactive embrace of the RWA revolution underscores its commitment to becoming a pioneer in innovative development. Through concerted efforts from all stakeholders, the city can harness the opportunities presented by Web 3.0 and establish itself as a leading force in the digital economy.

香港積極擁抱RWA革命，凸顯其致力於成為創新發展先鋒的承諾。透過所有利害關係人的共同努力，該城市可以利用Web 3.0帶來的機遇，成為數位經濟的主導力量。

Conclusion

結論

The tokenization of securities and RWA is a defining moment for Hong Kong's financial landscape. By embracing these innovations, the city is demonstrating its commitment to digital transformation and its ambition to lead the way towards a thriving digital economy. With its robust regulatory framework, technological advancements, and investor-friendly policies, Hong Kong is well-positioned to become a global hub for RWA and STO innovation.

證券和 RWA 的代幣化是香港金融格局的決定性時刻。透過擁抱這些創新，該市正在展示其對數位轉型的承諾以及引領數位經濟蓬勃發展的雄心壯志。憑藉健全的監管框架、技術進步和投資者友好的政策，香港完全有能力成為 RWA 和 STO 創新的全球中心。