Elizabeth Wong, head of the fintech department and licensing director of the Hong Kong Securities and Futures Commission (SFC), said at the Hong Kong Investment Funds Association conference that the Hong Kong Securities and Futures Commission is actively studying the benefits of tokenization while ensuring that "investors will not be worse off if tokenization is used." The SFC is most concerned about cybersecurity and whether it can ensure that the tokens themselves are not hacked and have no vulnerabilities. The SFC is eager to understand these challenges and is willing to work with industry participants. (South China Morning Post)