The asset management industry in Hong Kong is experiencing a strong breakthrough thanks to banks expanding activities related to digital assets.
After specific regulatory guidelines were issued, many banks and asset management companies in Hong Kong have rapidly increased investment in digital asset and Tokenize products, contributing to a more vibrant asset management market development.
- 22 Hong Kong banks are licensed to sell digital asset products by mid-2025.
- Digital asset and Tokenize transactions in the first half of 2025 increased by 233% compared to the same period.
- The government promotes Token bond issuance, expanding the development momentum of the asset management industry.
How have Hong Kong banks developed in the digital asset field?
According to Mr. Eddie Yue, CEO of the Hong Kong Monetary Authority, the rapid development of banks in the digital asset sector is evidence of the market's great potential. He emphasized that many banks have been licensed to expand business related to digital asset products and Token custody services.
By mid-July 2025, 22 banks were permitted to sell digital asset products, 13 banks selling Tokenize products, and 5 banks providing digital asset custody services, showing positive acceptance from major credit institutions.
This move not only diversifies banking services but also helps increase digital asset market access for individual and institutional customers.
What is the digital asset transaction growth in Hong Kong in 2025?
Data from the first half of 2025 shows the total transaction value of digital asset and Tokenize products reached 26.1 billion HKD, increasing 233% compared to the same period last year. Transactions exceeded the total value for the entire year of 2024, demonstrating a strong development trajectory and sustainable potential in this field.
This increase is supported by growing market acceptance and the completion of the legal framework, helping investors and banks confidently expand products and services.
"We observe that the Hong Kong financial community has quickly adapted to and embraced digital asset tools in asset management, and this is an important step for long-term development."
Eddie Yue, CEO of the Hong Kong Monetary Authority, 4/8/2025
What actions has the Hong Kong government taken to promote the digital asset market?
The Hong Kong government actively promotes Token bond issuance, creating a solid legal basis and opening up many development opportunities for the digital asset and Tokenize market. This is also part of the strategy to develop a smart and modern financial ecosystem.
In parallel, asset management companies are planning to launch new Tokenize products, contributing to portfolio diversification and increasing investor attraction. These initiatives are expected to maintain growth momentum and provide support for the overall asset management industry development in Hong Kong.
What development trends are forecast for the digital asset field in Hong Kong?
With the rapid increase in digital asset product and service supply, along with an improved legal framework, Hong Kong is recognized as a leading digital asset management center in Asia in the coming years.
The trend of integrating blockchain technology into asset management, enhancing Tokenization, and expanding digital custody services is predicted to continue creating new breakthroughs, promoting sustainable and safe development for investors.
Frequently Asked Questions
1. How many banks in Hong Kong are permitted to operate digital assets by mid-2025?
By mid-2025, 22 banks are approved to sell digital asset products, 13 banks selling Tokenize products, and 5 banks providing digital custody services.
2. What is the digital asset transaction growth in Hong Kong in the first 6 months of 2025?
Transactions reached 26.1 billion HKD, increasing 233% compared to the same period last year, exceeding the total transactions for the entire year of 2024.
3. What has the Hong Kong government done to promote digital asset development?
The government actively promotes Token bond issuance and refines the legal framework for digital asset services.
4. What are the main development trends for digital assets in Hong Kong?
Enhanced Tokenization, expanded digital custody services, and blockchain application in asset management are forecast to continue leading the market.
5. What does the rapid development of digital assets mean for Hong Kong's asset management industry?
It promotes product diversification, enhances competitiveness, and expands investment opportunities for both banks and customers.
