Hong Kong's digital asset framework upgraded to 2, with stablecoins and RWAs as the focus

According to 21st Century Business Herald, the Hong Kong Treasury Board has released the "Hong Kong Digital Asset Development Policy Declaration 2", aiming to develop Hong Kong into a global center for digital asset innovation. The new framework outlines four key points under the "LEAP" framework: optimizing laws and regulations, expanding tokenized products, promoting application scenarios and cross-border cooperation, and promoting talent development. Stablecoins and real-world asset tokenization have become policy priorities, expected to revolutionize payments, supply chain management, and capital markets. The new framework completes the institutional loop of regulatory certainty, asset penetration, and tax competitiveness, marking a new stage of institutionalization, scale, and globalization for Hong Kong's digital assets.