Hong Kong's SFC placed Aurum Foundation on its warning list for conducting unlicensed business. The regulator urges investors to verify licensed platforms before depositing funds, as new licensing rules for advisory and portfolio management services are being finalized.
Discussion around an AI bubble reached a new pitch in July 2026, with warnings appearing across on-chain markets, macro institutions and public market positioning. MarsBit’s analysis does not argue that an AI crash is imminent. Instead, it lays out a scenario test: if AI valuations see a sharp reset and $2-3 trillion in capital starts looking for a new home, where could that money go next? The article points to three possible paths — defensive assets such as Treasuries and cash, selective crypto-native assets, and most notably real-world assets and tokenization. Its core case is that RWA/tokenization now has an unusual structural edge because infrastructure signals are appearing across multiple layers at once. In the same week that AI bubble talk intensified, the Depository Trust & Clearing Corporation processed its first production-grade tokenized securities transaction, Cantor Fitzgerald and Securitize announced a blockchain IPO channel, and broker Alpaca raised $135 million for tokenized equities infrastructure. MarsBit argues that this cluster of developments matters for Hong Kong as well, where existing regulatory rails for virtual assets and tokenization could become an advantage if institutional capital rotates toward regulated digital asset exposure. The piece repeatedly stresses that this is a conditional scenario, not a firm market call.
Hong Kong's Securities and Futures Commission (SFC) has released a new regulatory framework for tokenized investment products, allowing licensed virtual asset trading platforms to trade SFC-recognized tokenized open-end funds and explore OTC arrangements. As of March 2026, 13 tokenized products have been issued, managing HK$10.7 billion in assets.
Hong Kong licensed VATP EX IO has partnered with tokenization platform Anchored to issue tokenized U.S. stocks pegged 1:1, including Apple and Nvidia. The service supports 24/5 trading and fractional shares, making EX IO the first Hong Kong licensed exchange to offer tokenized stock trading.
Hong Kong Legislative Council member Joseph Au warned at the 2026 Hong Kong Web3 Festival that quantum computing could pose a practical threat to cryptocurrencies in more than five years, urging the industry to prepare at the cryptographic level. He highlighted Hong Kong's stable regulation compared to the U.S. and called for more developers and cross-jurisdictional interoperability.
Hong Kong is advancing amendments to its AML framework that would introduce a licensing regime for virtual asset service providers, bringing crypto trading platforms under SFC supervision.
Hong Kong officials reiterated the city’s push to become a regional crypto hub, highlighting a regulatory framework aligned with international standards, plans to issue more licenses, and a consultation on potential retail participation in crypto platforms.
Alchemy Pay has secured four additional U.S. Money Transmitter Licenses, bringing its total to 14 states and strengthening its regulatory footing for fiat-crypto payment services, RWA expansion, and future stablecoin initiatives.
