② Hong Kong distribution path

Hong Kong is building the world's most institutionalized testing ground for RWA issuance, with its advantages lying in mature securities regulation , open Web3 policies , and strong connectivity with Chinese assets.
The essence of the Hong Kong path is:
Digital asset representation within a regulated financial system.

Path location <br>Applicable assets:

Chinese assets going global
Infrastructure projects
Data assets
Green assets
Income assets

Applicable investors:

Asian institutions
Family Office
Qualified investors

Core Structure

Asset Owner
HK SPV / Issuer
Trustee
Custodian
Token platform
Licensed venue

Issuance process

Asset review
Establishment of issuer
SFC Compliance Path Confirmation
Legal Opinion
Token Issuance
Private placement / institutional issuance
Regulated trading venues (optional)

Key Compliance Points

Securities Attribute Determination
Investor suitability
Information Disclosure
Hosting requirements
Stablecoin payment rules

Advantages

International Financial Center
High degree of compliance certainty
Wide range of investors
China Assets Bridge

risk

Regulatory approval cycle
High cost
High level of securities regulation

GFM Service

Hong Kong Issuance Structure Design
SFC Compliance Path Collaboration
Token structure design
Investor matchmaking

Compliance Statement <br />This article does not constitute legal advice and is for the purpose of studying regulatory pathways only.