For the firm that wants to participate in real estate tokenization, what do they need to have?



  • For the firm that wants to participate in real estate tokenization, what do they need to have?



  • For firms that want to participate in real estate tokenization, as the tokens are usually considered securities in most jurisdictions, they will have to comply with the local securities laws and regulations, in addition to virtual asset-specific rules and regulations. For example, in Hong Kong, if a firm wants to market or distribute security tokens, it will have to obtain a Type 1 licence with the SFC as well as notify the SFC of its plan to distribute security tokens. For virtual asset trading platforms, the SFC has issued the Licensing Terms and Conditions for Virtual Asset Trading Platform Operators in November 2019, which sets out some eligibility and regulatory requirements for a securities token exchange to operate in Hong Kong and/or for Hong Kong persons. For asset managers managing funds with exposure to virtual assets, depending on the level of such exposure they may also have to notify the SFC of such investments and comply with the relevant virtual asset manager specific terms and conditions.

    Find more: https://youtu.be/2qhZDmTozC0


Log in to reply