Hong Kong's new direction for financial development is gradually becoming clearer. According to the recent planning report by the Hong Kong Financial Services Development Council, asset tokenization has been incorporated into the key development agenda for the next decade, with a specific timetable for implementation.

The next 2 to 5 years will be a mid-term sprint phase. The focus during this period is on the comprehensive promotion of physical asset tokenization, covering traditional financial sectors such as real estate, funds, and bonds. Meanwhile, Hong Kong will accelerate the development of more tokenized financial instruments, build the necessary infrastructure, establish unified industry standards, and initiate scaled pilot projects.

In the long-term phase of 5 to 10 years, the goals become even more ambitious. Hong Kong plans to establish a complete tokenized asset issuance mechanism and secondary trading system, along with a unified data standard and compliance framework. More importantly, it aims to promote the trading, settlement, and circulation of massive tokenized assets in Hong Kong, significantly enhancing market transparency and operational efficiency.

To achieve these objectives, Hong Kong will also concurrently build tokenized trading platforms, smart contract application infrastructure, and an on-chain network system that supports near-instant settlement. The ultimate goal of this combined approach is clear—moving the infrastructure of traditional capital markets onto the blockchain, making Hong Kong the next-generation global financial hub.