Signum Digitalof Hong Kong to offer security tokens. Security and Futures CommissionIt got approval from.
CoinstreetAnd Somerleyjoint venture of Signum Digital, Hong Kong Securities and Futures Commission (SFC) in principle for its securities offering and subscription platform. A security token is a new category of virtual assets built on blockchain technology that represents ownership of tangible assets such as private stocks, real estate, art and collectibles. In conjunction with real-world assets, it can reduce risk for potential investors, streamline research processes, and provide a basis for investment opportunities.
Hong Kong Plans to Become a Crypto Hub
Signum Digital, following the final authorization from the Hong Kong regulator, the STO platform CS-Prostated that he will manage using his brand.
last month, Hong Kong SFCpublished preliminary regulations for virtual asset trading platforms. JuneIn line with its licensing system, which is scheduled to launch in May, the SFC has required digital currency platforms to apply for licenses that will allow day traders to buy and sell certain high-capital tokens.
Hong Konghas been proposing new ventures for the city’s cryptocurrency and digital assets sector since last year, when it invited firms interested in providing STO services to submit proposals.
Cryptocurrency exchange Huobi Globalin last month Hong Konghas applied for a license to operate in Singaporeannounced that it will move from Hong Kong to Hong Kong.
Recently in Hong Kong, Web3It shows great interest in becoming a crypto hub as it invests heavily to support the potential of technologies such as
mid December Hong Kong, the first two exchange-traded funds for cryptocurrency futures ( ETF)launched and these funds raised over $70 million before they hit the market.
