BCG: Tokenization Could Double Hong Kong’s Fund Industry
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Hong Kong’s fund industry could expand by adopting token-based finance, according to a white paper published by Boston Consulting Group (BCG) and Aptos Labs, with contributions from Hang Seng Bank.
The report states that Hong Kong could double the size of its fund industry by transitioning from legacy infrastructure to tokenized systems.
Findings draw on insights from the Hong Kong Monetary Authority‘s Project e-HKD+, a pilot program exploring use cases for digital money. The paper identifies three factors for adoption: compliance readiness, functional capabilities and commercial viability.
According to the report, tokenization can reduce counterparty risk, lower operational costs and enable continuous liquidity.
A survey of 500 retail investors conducted in May and June 2025 indicates demand for tokenized funds. Sixty-one percent of respondents said they would increase allocations if tokenized products were available. Ninety-seven percent expressed interest in features such as instant settlement and continuous access.
The report concludes that regulatory alignment, infrastructure development and investor demand will influence the pace of adoption.
Hong Kong’s fund industry could expand by adopting token-based finance, according to a white paper published by Boston Consulting Group (BCG) and Aptos Labs, with contributions from Hang Seng Bank.
The report states that Hong Kong could double the size of its fund industry by transitioning from legacy infrastructure to tokenized systems.
Findings draw on insights from the Hong Kong Monetary Authority‘s Project e-HKD+, a pilot program exploring use cases for digital money. The paper identifies three factors for adoption: compliance readiness, functional capabilities and commercial viability.
According to the report, tokenization can reduce counterparty risk, lower operational costs and enable continuous liquidity.
A survey of 500 retail investors conducted in May and June 2025 indicates demand for tokenized funds. Sixty-one percent of respondents said they would increase allocations if tokenized products were available. Ninety-seven percent expressed interest in features such as instant settlement and continuous access.
The report concludes that regulatory alignment, infrastructure development and investor demand will influence the pace of adoption.
