Odaily Planet Daily News Since Hong Kong issued the "Policy Declaration on the Development of Virtual Assets in Hong Kong" in October 2022, the government has frequently issued new policies. For example, after the Hong Kong market historically allowed Bitcoin and Ethereum spot ETFs to debut in April this year, Hong Kong is also unwilling to lag behind in the real world asset (RWA) investment market. The Securities and Futures Commission has recently made it clear that security token issuance (STO) and RWA investment may be open to retail investors, further expanding the virtual asset market and attracting more funds and financial technology talents to Hong Kong. The government successfully issued a tokenized green bond of HK$800 million in February last year, which is one of the typical RWA tokenization projects. In addition, in November last year, the Securities and Futures Commission issued the "Circular on Authorized Investment Products", which set out the requirements for the Securities and Futures Commission to consider allowing the Securities and Futures Commission to authorize the tokenization of investment products offered to the public in Hong Kong under Part IV of the Securities and Futures Ordinance. In addition to tokenized securities, the Securities and Futures Commission has taken steps to approve investment tokenized products. In fact, as early as September last year, Taiji Capital launched PRINCE Token, which is the first real estate fund STO in Hong Kong for professional investors. This STO is the first fund tokenization fundraising model approved by the Securities and Futures Commission. (Wenhui.com)