Feng Yi Liang announces three new initiatives: Hong Kong plans to allow licensed platforms to offer perpetual contract products and virtual asset collateralized financing services, and relax regulations on related market makers.

BTC-3,8%
ETH-6%
PAXG-2,52%

Foresight News on-site report: Hong Kong Securities and Futures Commission (SFC) CEO Julia Leung stated at Consensus 2026 that the Hong Kong SFC is working to establish a comprehensive virtual asset regulatory ecosystem and announced three new initiatives: First, Guaranteed Financing: allowing brokers to provide financing services to clients with good credit backgrounds, with collateral including securities and virtual assets. Initially, this will only be available for Bitcoin and Ethereum, with prudent haircut standards based on traditional financial practices.

Second, Perpetual Contracts: a high-level regulatory framework will be announced to permit licensed platforms to offer perpetual contract products. Currently, this service is limited to “professional investors” and requires platforms to maintain high transparency and have risk management capabilities for volatility fees and automatic liquidation.

Third, Related Market Makers: regulations are planned to be relaxed to allow licensed platforms to provide liquidity through their affiliated market-making units, provided they can demonstrate operational independence and strict conflict of interest management.

Leung pointed out that tokenized assets have developed rapidly over the past year, with tokenized gold asset management reaching $400 million, doubling in the last six months. Currently, the SFC has authorized 11 tokenized money market funds. Additionally, Project Ensemble is piloting the use of tokenized deposit settlement money market funds. Regarding the regulatory roadmap, the Hong Kong SFC has published a consultation summary on virtual asset trading and custody and plans to collaborate with the SAR government to submit relevant legislative proposals within this year.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

'NOT a Security,' Shiba Inu Exec Declares as SHIB Gains SEC Clarity - U.Today

Shiba Inu (SHIB) has been declared a nonsecurity asset by the SEC, reclassified as a digital commodity alongside major cryptocurrencies. This regulatory clarity boosts confidence and mainstream appeal, potentially attracting more investors.

UToday1h ago

Crypto DAO Tool Tally Shuts Down After 5 Years

Decentralized governance platform Tally is shutting down after over five years due to an unsustainable business model for governance tooling in crypto. Despite significant achievements, demand for specialized governance applications has not met expectations.

TodayqNews1h ago

Japan's SBI VC Trade will launch USDC lending services this Thursday, with a maximum amount of 5000 USDC per period.

SBI VC Trade will launch USDC lending services in Japan on March 20, allowing users to earn yields by lending up to 5,000 USDC through fixed-term agreements. This product is a loan rather than a deposit; users must bear trading risks, cannot withdraw funds during the lending period, and face asset recovery risks.

GateNews1h ago

Stripe and Paradigm jointly incubated the payment public chain Tempo mainnet launches, simultaneously introducing the "AI Machine Payment Protocol."

Tempo, a payments infrastructure launched jointly by Paradigm and Stripe, has officially launched its mainnet, introducing the "Machine Payments Protocol (MPP)" co-developed with Stripe, designed to provide AI agents with low-latency, predictable payment networks. It has now attracted industry giants including Visa, Mastercard, OpenAI, and Shopify to join its ecosystem, and has introduced a "sessions" mechanism to facilitate automated payment coordination.

動區BlockTempo1h ago

Tether CEO: Will Launch New Product Within 30 Days

Gate News reported that on March 18, Tether CEO Paolo Ardoino posted on social media stating that the Tether product team is preparing an "important new product" that is expected to launch within 30 days.

GateNews2h ago

Bitcoin Analytics Platform Newhedge Launches API Service, Providing Programmatic Access to On-Chain Metrics

Gate News reports that on March 18th, Bitcoin analysis platform Newhedge.io announced the launch of Newhedge API today, providing developers, institutions, and analysts with programmatic access to Bitcoin on-chain metrics. The API enables applications, trading systems, research platforms, and data pipelines to integrate structured Bitcoin analysis data via REST endpoints and JSON response formats.

GateNews2h ago
Comment
0/400
No comments