OSL Group, the stablecoin payments and trading platform listed in Hong Kong under HKEX: 863, said its Hong Kong digital asset exchange OSL HK will open XRP trading to retail investors at 20:00 on July 29. The move makes OSL HK the first exchange in Hong Kong to support retail trading in XRP. Retail users will have access to three XRP pairs against the U.S. dollar and Hong Kong dollar, including Lightning trading for XRP/USD and OTC trading for XRP/USD and XRP/HKD. Deposits and withdrawals for XRP will be available through the XRP Ledger network. Before this update, OSL HK had already offered professional investors Lightning trading for XRP against USD and USDT, as well as OTC trading for XRP against USD and BTC. With the addition of XRP, the token becomes the fourth asset available to retail investors on OSL HK after BTC, ETH and SOL. OSL said XRP currently has a market capitalization of about $66.93 billion, ranking fourth among global non-stablecoin digital assets.

Asset tokenization turns real or digital assets into blockchain-tradable tokens. JPMorgan and HSBC have deployed live cases. This guide breaks down how it works, real-world examples, and why institutional adoption is accelerating.

Hong Kong's HKMA plans to issue its first stablecoin licenses on March 24, limited to a very small number of issuers. HSBC and Standard Chartered are frontrunners due to their existing banknote issuing authority.

Real-world asset markets expanded again in the latest weekly review, with on-chain RWA capitalization rising to $36.82 billion as of July 24, 2026, according to RWA.xyz, while the number of holders climbed to 1.2541 million after a monthly net increase of more than 300,000. Stablecoins showed a more mixed picture: total market capitalization edged up to $298.75 billion, but monthly transfer volume fell 24.95% to $5.19 trillion, even as total holders increased to 276 million. On the policy front, the U.K. is preparing for a first blockchain-based gilt issuance in 2027, though progress still hinges on compliant GBP stablecoin infrastructure. South Korea, meanwhile, published a won internationalization roadmap, advanced second-stage digital asset legislation tied to stablecoins, and expanded CBDC-related payment infrastructure into private-sector use cases. At the company and product level, HSBC joined the U.K.’s Digital Securities Sandbox, BNY Mellon outlined plans for round-the-clock U.S. Treasury settlement by 2027, Mubadala Capital partnered with Coinbase on a tokenized private equity fund, and Ondo said its regulated broker-dealer subsidiary Oasis Pro Markets had received authorization to offer tokenized securities services in the U.S. In Hong Kong, local media reported that Anchorpoint, backed by Standard Chartered (Hong Kong), could announce its HKD-pegged stablecoin HKDAP as early as the end of this month.

Fidelity digital asset executive Emma Pecenicic said tokenization is aimed at building fully digital-native funds with real-time settlement and 24/7 trading, while Asian sandbox programs are being used to test cross-border use cases.

Hong Kong stablecoin HKDAP completed Ethereum mainnet transfers successfully, issued by a Standard Chartered-HKT-Animoca Brands joint venture. Regulated by HKMA, phased issuance starts Q2 2026, targeting cross-border payments.

Hong Kong's HKMA on April 10 awarded the first two stablecoin issuer licenses under the new regime: Anchorpoint (a JV of Standard Chartered, HKT, and Animoca Brands) and HSBC. Standard Chartered did not apply directly but via the JV; Bank of China (Hong Kong) missed the first round.

Bhutan's Gelephu Mindfulness City launched an accelerated licensing pathway on May 12, 2026, offering 0% corporate tax, guaranteed bank accounts via DK Bank, and BTC-backed lending for firms already regulated in Singapore, ADGM, or Hong Kong.