The sandbox is meant to “build the grand architecture for Hong Kong’s tokenization market and connect all essential pieces in order for tokenized transactions to achieve scale and settle at warp speed,” Julia Leung, the CEO of the Securities and Futures Commission, said in a speech at the launch on Wednesday. It is meant to help “future-proof” the financial system she added.
Source: https://www.coindesk.com/policy/2024/08/28/hong-kong-markets-authority-opens-its-tokenization-sandbox-and-major-institutions-dive-in/?utm_medium=referral&utm_source=rss&utm_campaign=headlines