Chen Yingfeng, a member of the Hong Kong Computer Society's fintech expert group executive committee, said that tokenized assets should be settled in digital Hong Kong dollars. He pointed out that after the Hong Kong Securities and Futures Commission issued a circular on tokenized securities, various tokenized products have been launched in the market. To highlight the advantages of tokenized products, both parties in a reasonable transaction will use digital currency for settlement and operation. In order to avoid the market relying on circulating cryptocurrencies and stablecoins, it is appropriate for the Hong Kong government to implement digital Hong Kong dollars. This is the only way to better develop Hong Kong into a Web3.0 hub and consolidate its position as an international financial center.

Tokenize Xchange, headquartered in Singapore, has received an additional $11.5 million in funding from venture capital firm Trive and high net worth individuals (HNWIs) in its Series A financing round. This brings its Series A funding to $23 million. The digital asset exchange plans to raise a total of $33 million by the end of 2024. Tokenize plans to increase its Singapore staff by five times over the next 18 months, with the new funds being used for team development. The company plans to hire a large number of compliance and operational experts.