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Hong Kong’s Financial Services and Treasury Bureau (FSTB) has unveiled Policy Statement 2.0 on the Development of Digital Assets, introducing the "LEAP" framework—a coordinated roadmap to establish Hong Kong as a global leader in institutional-grade digital asset infrastructurefintax.tech+11AInvest+11gia.info.gov.hk+11.

🔍 What’s in the Policy?

1. Unified Regulatory Oversight
Key digital asset sectors—including exchanges, custodians, and stablecoin issuers—will now be regulated under the Securities and Futures Commission (SFC). Meanwhile, the Hong Kong Monetary Authority (HKMA) will oversee licensed bank entities, creating clear lines of supervision and reducing regulatory overlapregulationtomorrow.com+9AInvest+9opengovasia.com+9.

2. Tokenisation of Financial Instruments
The government plans to make tokenised government bonds a regular issuance, expand tokenised ETFs, and support tokenisation of assets like commodities and renewable energy. Secondary market trading of these assets on licensed platforms is encouraged, with stamp duty clarifications in placefintechanddigitalassets.com+8AInvest+8info.gov.hk+8.

3. Stablecoin Regulation from August 1, 2025
A licensing framework detailing reserve requirements, redemption policies, and operational safeguards for stablecoin issuers will take effect—providing clarity for firms looking to issue or integrate stablecoins into products and servicesAInvestThe Block.

4. Cross-Sector Collaboration & Use Cases
The government will foster partnerships between regulators, academia, and technology providers to pilot stablecoin use cases—especially in public sector payments. Cyberport will also launch funding programs for high-impact blockchain initiatives within the LEAP strategyfintechanddigitalassets.com+6AInvest+6aastocks.com+6.

5. Building Talent & Partnerships
Talent development is a core pillar. Universities and industry players are being invited to collaborate, with new programs aimed at nurturing blockchain, Web3, and AI-skilled professionals within Hong Kong’s ecosystemAInvestinfo.gov.hk.

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Why It Matters for Crypto Employers

• Regulatory Certainty & Scale: With unified oversight by the SFC, firms now have clearer paths to expansion and licensing. This supports institutional growth rather than leaving firms uncertain in fragmented rules.

• Tokenisation at Scale: As tokenised bonds and ETFs become mainstream, projects requiring blockchain developers, compliance experts, product leads, and legal-savvy professionals will surge.

• Talent Demand Intensifies: Ambitious regulatory direction creates immediate need for skilled professionals—especially in risk, compliance, product and custody operations.

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How We Do More Than Just Recruit

As policy clarity fuels expansion, talent mobility becomes critical. Captar Partners delivers end-to-end support for firms expanding operations or relocating staff into Hong Kong—covering everything from visa applications to onboarding. That way, your focus stays on innovation, not logistics.

Interested in learning more about how CapTar can support your Hong Kong growth strategy? Visit captarpartners.com or drop us a line at enquiries@captarpartners.com.

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