The Hong Kong Special Administrative Region government published the Digital Asset Development Policy Declaration 2.0 on June 26, 2025, aimed at strengthening the region's position in the digital assets space.
Key Aspects of Declaration 2.0
Declaration 2.0 is focused on developing Hong Kong as a global digital asset hub. It emphasizes tokenization and regulatory coherence. Leading figures of the initiative, Financial Secretary Paul Chan and Secretary for Financial Services and the Treasury Christopher Hui, highlight the need for a comprehensive framework to enhance market integration with the economy.
Industry Reactions and Forecasts
The industry's response to the new declaration has been significant. Paul Chan noted that new opportunities are arising for local and global markets. Regulatory bodies, such as the Securities and Futures Commission, plan to consult on licensing, echoing the policy's forward-thinking nature. As Chan stated, 'Hong Kong’s digital asset landscape is evolving, creating opportunities in both local and global markets.'
Historical Milestones and Current Status
Declaration 2.0 builds on the previous work initiated in October 2022, which led to licensing more than ten trading platforms and increased interest from institutional investors. Currently, Ethereum (ETH) is trading at $2,474.24 with a market cap of $298,685,726,845 and a 24-hour trading volume of $19,264,837,015.
The Digital Asset Development Policy Declaration 2.0 could significantly reshape the Hong Kong market, facilitating capital influx and improving market clarity.
