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Hong Kong's Legislative Council passed an Inland Revenue amendment bill, with the Crypto-Asset Reporting Framework 2027 scheduled for implementation from CARF. The related arrangements for the automatic exchange of tax information will begin in 2028 and 2029, respectively.
HashKey On-Chain, Yuanbi Technology and Anchorage Digital Bank N.A. held an industry side event in Hong Kong focused on advancing digital finance.
PANews, citing Bloomberg, reported that Crypto.com plans to February 1, 2027 close its Hong Kong consumer app and provide users with guidance on account closure and withdrawals. Its Hong Kong license application for an institutional trading platform remains subject to approval by the Hong Kong Securities and Futures Commission.
PANews cited Caixin as reporting that HSBC plans to establish a global AI research institute in Hong Kong, expected to 2027 begin operations at the start of the year, initially covering AI applications, blockchain, and post-quantum cryptography.
PANews, citing CoinDesk, reported that Standard Chartered Bank has launched a tokenized deposit service for corporate clients in Hong Kong, supporting real-time, around-the-clock transfers of deposits among participating banks with final settlement in central bank money. Fireblocks and HashKey have joined the integration.
According to CoinDesk, Standard Chartered has launched a tokenized deposit service in Hong Kong, supporting corporate clients in conducting 7×24-hour real-time interbank settlement in central bank money. Early partners include China Asset Management, Fireblocks, and HashKey.
Hong Kong Exchanges and Clearing’s LME is exploring the tokenization of non-warrant metal inventories in Hong Kong warehouses for use as collateral for corporate financing.LME It plans to hold an invitation-only industry roundtable in early November.
The Hong Kong Investor and Financial Education Council warns that trading tokenized funds in the secondary market involves risks related to price, liquidity, price fragmentation, and reliance on market makers.
Solana Company said it had been recognized as a strategic enterprise by the Hong Kong Office for Attracting Strategic Enterprises and selected for the seventh batch. The company has established an office in Hong Kong and plans to operate validator nodes locally through Pacific Backbone.
Hong Kong Secretary for Financial Services and the Treasury Christopher Hui said that Hong Kong’s tokenization is moving from experimentation toward implementation. HKEX plans to pilot tokenized warehouse-receipt financing with designated banks next year and build a multi-asset tokenization platform.
PANews reported that HSBC plans to name its Hong Kong stablecoin “HSBC RedCoin” and disclosed the results of a survey of local Hong Kong customers’ awareness of stablecoin applications.
Hong Kong Legislative Council member Duncan Chiu said that new licensing regulations for virtual asset trading services, custody, and other areas are expected to be submitted to the Legislative Council in the second half of 2026 and targeted for passage by year-end or early 2027.