According to BlockBeats, Guotai Junan International has announced that the Hong Kong Securities and Futures Commission (SFC) has confirmed there are no further issues with their submitted business plans for tokenized securities distribution and digital bond issuance. On January 21, 2025, Guotai Junan International submitted a wealth management business plan to the SFC, aiming to distribute tokenized securities to clients and provide related advisory services. The plan includes tokenized securities linked to various underlying assets, such as structured products (including structured notes and over-the-counter derivatives), SFC-recognized and non-recognized funds, and bonds.
Tokenized securities refer to traditional financial instruments, like stocks, bonds, and funds, managed digitally through distributed ledger technology (DLT), such as blockchain. Essentially, these are traditional securities repackaged using tokenization to achieve a technological transformation in their form.