In her keynote speech at the EU-Asia Financial Services Dialogue hosted by the Asian Securities Industry and Financial Markets Association in 2026, Hong Kong Securities and Futures Commission (SFC) Chief Executive Officer, Ms. Leung Fung-yee, stated that Hong Kong must thoroughly upgrade its market infrastructure, particularly in the segmentation, clearing, and settlement of financial products. Distributed ledger technology (DLT) and tokenization offer a solution. The true value of tokenization lies in its programmable nature, which can support a wide range of investment products, including bonds, funds, and even gold. As the tokenization ecosystem continues to grow, it is essential to effectively integrate related innovative projects, seamlessly combining market confidence in traditional finance with the efficiency of decentralized finance to further unleash liquidity. Ms. Leung revealed that the SFC, together with the Australian Securities and Investments Commission (ASIC), is leading a working group under its Asia Pacific Committee to combat online scams and is exchanging information with global peers to participate in the standardization and coordination work in areas such as digital assets.