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Xu Zhengyu: Hong Kong will explore the "tokenization" of international shipping rents, placing it on the "Blockchain" for investors to "subscription".
ChainCatcher news, the Secretary for Financial Services and the Treasury of Hong Kong, Hui Chengyu, revealed in a recent interview that Hong Kong is exploring the tokenization of stable cash flows such as international shipping rents, placing them on the blockchain for investor subscriptions. This model not only creates new investment products but also utilizes blockchain technology to achieve asset traceability. Furthermore, Hui Chengyu reiterated that stablecoins are not tools for speculation; currently, license applications are under review, with the goal of distribution starting next year.