According to Odaily Planet Daily, Noel Quinn, CEO of HSBC Hong Kong, said that the bank is ready to expand the product range of tokenized assets. Tokenization has the advantages of cost-effectiveness, increased efficiency, and overall improvement compared to the "old-fashioned way of trading." Noel Quinn also revealed, "We will continue to invest in our tokenized product lineup. I think the tokenization of gold and bond issuance is good. I am very happy with the concept of tokenization."