Hong Kong's Asset Management Sector Could Double with Tokenized Finance

Hong Kong's asset management industry has the potential to double in size by embracing tokenized finance and cryptocurrency infrastructure, according to a white paper released by Boston Consulting Group, Aptos Labs, and Hang Seng Bank. According to NS3.AI, the report is based on the Phase 2 results of the Hong Kong Monetary Authority's e-HKD+ pilot, which demonstrates that token-based finance is both technically and commercially feasible. This indicates that the adoption of new technology through tokenization could significantly expand the asset management sector.