The Hong Kong Securities and Futures Commission's '2024-25 Annual Report': The virtual asset Spot ETF has soared 95% in total Market Cap since its launch, and has issued licenses to 11 institutions.

Techub News reported that the Hong Kong Securities and Futures Commission issued the '2024-25 Annual Report' today, pointing out that the virtual asset and securities tokenization have accelerated in the past year, driving Hong Kong towards its goal of becoming a future financial hub. In terms of innovation, the Commission approved in the first quarter of this year three tokenized commodity coin market funds invested by Jewish retail investors in the Asia-Pacific region, taking an important step towards scaling the tokenization market. As of the end of March, the total assets under management of these funds reached 736 million yuan.

The SFC released the 'ASPIRe' roadmap earlier this year, aiming to promote the virtual asset ecosystem in Hong Kong, and subsequently allowed two virtual asset exchanges to trade exchange-traded funds (ETFs) for collateral. In addition, the total market value of six virtual asset spot ETFs listed in Hong Kong has surged by 95% since their launch in April last year, with average daily trading volume also up by 16%. In terms of virtual asset trading platforms, the SFC has issued licenses to a total of 11 institutions.

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