Odaily Planet Daily News Hong Kong Stock Exchange (HKEX) announced plans to automate the creation and redemption of certain exchange-traded products (ETPs) by 2025. The new network-based platform will utilize distributed ledger technology and smart contracts, pending regulatory approval. This platform aims to improve efficiency and encourage more secondary market activities. Jean-Francois Mesnard-Sense stated, "In an increasingly dynamic market environment, speed and efficiency are crucial. The Hong Kong Stock Exchange is pleased to introduce this new digital enhancement. It not only streamlines operations for our market participants but also drives the liquidity of the product ecosystem, supporting the vitality of our ETP market and strengthening Hong Kong's position as an international financial center." Although the HKEX did not use the term "real-time," the automated platform could theoretically support it. Given that the stock exchange does not cater to retail investors, it is typically market makers who trigger the creation and redemption processes. The HKEX did not disclose the technology used and had not commented by the time of publication. The HKEX previously utilized Digital Asset's DAML and Canton for its DLT activities related to the HKEX Synapse settlement platform launched in 2023. (Ledger Insights)