BlockBeats news, on May 11, Guotai Junan International stated that according to the (Circular on Intermediaries Engaging in Tokenized Securities Activities) issued by the Hong Kong Securities and Futures Commission, relevant business plans for tokenized securities distribution and digital bond issuance have been submitted and confirmed by the regulatory authority without further issues. It pointed out that Guotai Junan International submitted a wealth management-related business plan to the Hong Kong Securities and Futures Commission on January 21, 2025, intending to distribute tokenized securities to clients or provide advice on tokenized securities based on the existing securities trading framework. The types of tokenized securities covered in the plan include: structured products linked to multiple underlying assets (such as structured notes, over-the-counter derivatives), funds recognized by the Securities and Futures Commission, non-recognized funds, and bonds.
Tokenized securities refer to traditional financial instruments (such as stocks, bonds, funds, etc.) that achieve full lifecycle management of securities in digital form through distributed ledger technology (DLT, such as blockchain). Essentially, they are traditional securities packaged as tokenized assets, achieving form innovation through technological means.