#RWA #Stablecoin Paul Chan: Hong Kong Expected to Issue Stablecoin Licenses This Year Hong Kong Financial Secretary Paul Chan Mo-po, speaking at the World Economic Forum Annual Meeting in Davos, Switzerland, stated that Hong Kong, as an international financial center, adopts a proactive yet prudent approach to developing digital assets. Since 2023, Hong Kong has issued licenses to 11 virtual asset trading platforms and expects to issue stablecoin licenses later this year. Furthermore, the Hong Kong SAR government is leading by example in promoting tokenization, including issuing three tranches of tokenized green bonds totaling approximately US$2.1 billion; and launching a regulatory sandbox to encourage application innovation.