হংকংয়ের Digital Assets-এ ‘চতুষ্কোণ’

হংকংয়ের ‘পলিসি ডিক্লারেশন 2.0’ - Asia-এর FI-বাজারগুলি forখণḍa।

##মৌলিকফ্রেমওয়ার্ক

সবগুলি:

• Digital Asset Exchange (বিশদ)
• Stablecoin Issuers (DeFi-এ)
• Custodians (সমস্ত asset)-অবস্থান
• Trading Service Providers (ফাইনান্‌শিয়াল “পাইপ” )

SFC - Traffic Cop; FSTB & HKMA - Legal Review.

##টোকেনডবন্ডগুলি, Kíntu?

টোকেনডবন্ড - sexy? Tá not. But it’s the Trojan Horse of institutional blockchain adoption.

আইনগত:

• Settlement Mechanics (Traditional vs Ledger)
• Registration Rules (Legal certainty vs Pseudonymity)
• Record Keeping (Immutable but compliant?)

JPMorgan smart contracts design er experience: This is about programmable securities — new kind of assets.

##Silicon Valley Perspective

San Francisco from my view: Hong Kong playing 4D chess. Clear rules for: • Asset segregation → Institutional comfort ✅ • Investor protection → SEC watch 🎯 • Cross-border interoperability → Holy grail ✅ The question is not if tokenization will happen — but who leads it.