Hong Kong SFC 2024-25 Annual Report: As of the end of March, three tokenized money market funds reached HKD 736 million in AUM

According to a report by Jinse Finance, the Hong Kong Securities and Futures Commission (SFC) has released its 2024-25 annual report, which highlights the following: As of May, cumulative net capital inflows through Stock Connect have surpassed HKD 4.35 trillion. Last quarter, the SFC approved the Asia-Pacific region’s first three tokenized money market funds accessible to retail investors, marking a significant step toward the scaled development of the tokenized market. As of the end of March, these funds had a combined AUM of HKD 736 million. In the virtual assets sector, the SFC launched the “ASPIRe” roadmap earlier this year to promote the development of Hong Kong’s virtual asset ecosystem. Subsequently, it approved two virtual asset spot ETFs for staking, a first in the Asia-Pacific region. Since their launch in April last year, the total market capitalization of the six spot virtual asset ETFs listed in Hong Kong has surged by 95%, with average daily trading volume up 16%. The number of license applications approved by the SFC has increased by 20% year-on-year, with licenses granted to 11 virtual asset trading platforms.