🔍 Tokenised ETFs are emerging as the next frontier of digital asset innovation, bringing the benefits of blockchain infrastructure to one of the world’s most widely adopted investment products, making ETFs smarter while remaining cheaper and faster.
At the Hang Seng Investment ETF GALA 2026, Andy Lee @apwlxyz, Partner at HashKey RWA, shared three pillars for scaling ETF tokenisation:
📖 Rules: Regulation, settlement standards, and interoperability provide the foundation for institutional adoption.
⛓️ Rails: Blockchain infrastructure enabling atomic settlement, programmable compliance, borderless access, and 24/7 trading.
🤝 Resolve to move forward: Most importantly, the commitment to move from evaluation to execution. Innovation only scales when the industry is willing to take the first step.
HashKey RWA | The Weekly View | June 23-29, 2026
🔝 Weekly view: Asia advanced regulated digital money through new legislation, stablecoin launches and CBDC infrastructure initiatives.
📊 Number of focus: 944k
944k on-chain RWA holders reached a new all-time high, up 13.8% month-on-month, marking another record monthly increase. [1]
Top News:
1️⃣ @Ripple USD $RLUSD becomes available in Japan through SBI VC Trade after JFSA approval. [2]
2️⃣ SBI Group launches Japan's first trust bank-backed stablecoin, JPYSC. [3]
3️⃣ Bank of Korea advances CBDC deposit token initiative for real-world payment trials. [4]
What’s on your radar this week?
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🏆 HashKey RWA received the Greater Bay Area Web3 Excellence Institution Award (大灣區Web3卓越機構獎) at the 2026 Global Fixed Income & FinTech Institution Leaders Summit (2026全球固定收益與金融科技機構領袖峰會).
The award reflects growing recognition from the traditional financial sector for HashKey RWA’s capabilities in asset tokenisation, institutional-grade on-chain infrastructure, and the integration of TradFi with Web3.
🧱 HashKey continues to expand its end-to-end RWA issuance capabilities across the full asset lifecycle. We remain committed to advancing tokenised real-world assets through secure, transparent and compliant infrastructure.
Read more https://t.co/4MMbrN8fKI
Hong Kong’s tokenised products secondary market pilot is expected to launch soon, with tokenised money market funds likely leading the way.
HashKey RWA Partner Wang Puyu shared his views on why MMFs are a natural starting point, the significance of secondary market trading and T+0 settlement, and what still needs to happen before tokenised stocks can scale in Hong Kong.
Read more 👇
https://t.co/DcVl6fOJ4Z
HashKey RWA | The Weekly View | June 16-22, 2026
🔝 Weekly view: This week highlighted growing regulatory and infrastructure support for tokenisation. Hong Kong advanced wholesale CBDC infrastructure, while U.S. regulators moved closer to enabling tokenised securities and stablecoins.
📊 Number of focus: US$6.4 billion
Reported market capitalisation of tokenised public stocks. [1]
Top News:
1️⃣ HKEX and HKMA launch pilot project to enable digital payment solution for derivatives after-hours trading. [2]
2️⃣ U.S. regulators propose customer identification requirements for payment stablecoin issuers. [3]
3️⃣ @coinbase joins tokenised stock race with onchain shares and dividend payments [4]
What’s on your radar this week?
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HashKey RWA | The Weekly View | June 9-15, 2026
🔝 Weekly view: Asia continued to lead tokenisation adoption this week, with progress spanning digital bonds, stablecoins and tokenised commodities.
📊 Number of focus: HK$12 billion
HKMC’s inaugural public digital bond issuance, highlighting Hong Kong’s continued push to build institutional tokenised fixed income infrastructure. [1]
Top News:
1️⃣ HKMC completes the world’s largest public digital bond issuance at HK$12bn. [1]
2️⃣ Hong Kong signals first regulated stablecoin launches could begin by mid-2026. [2]
3️⃣ KB Kookmin Bank issues $100 million blockchain based digital bond, the first foreign currency fundraising deal of its kind by a South Korean bank. [3]
4️⃣ Japan's three largest banks to jointly issue stablecoins by March 2027. [4]
5️⃣ Singapore bank DBS @dbsbank to offer tokenised physical gold to retail customers. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
📚 Tokenised stocks are blockchain-based representations of publicly traded equities and are now the fourth-largest RWA category by market cap.
While discussions as a new way to access stocks, the deeper opportunity lies in asset composability. As programmable assets, tokenised equities can support on-chain settlement, collateralisation, liquidity, and other financial applications.
Ultimately, tokenisation may change how ownership is recorded, but the future of tokenised stocks will depend on whether on-chain records can be recognised by law, markets, and institutions.
💡 Tokenised Stocks: Technology Changes, Power Remains
In his latest @FTChinese column, HashKey Senior Researcher Tim Sun @TiezhuCrypto notes that the convenience of tokenised stocks is often overestimated, while the composability of assets is underestimated. The real opportunity is not just trading, but turning stocks into building blocks for on-chain finance.
The real question is: when on-chain records and legal ownership diverge, who decides?
Read more 👇
https://t.co/gvbAhAdmL2
HashKey RWA | The Weekly View | June 1-7, 2026
🔝 Weekly view: Tokenisation continued moving toward mainstream financial infrastructure, with regulatory frameworks advancing alongside growing institutional activity in tokenised deposits and stablecoin-based settlement.
📊 Number of focus: US$5.5 trillion
@Citi estimates the tokenised real-world asset market could reach US$5.5 trillion by 2030, with a bullish scenario projecting up to US$8.2 trillion. [1]
Top News:
1️⃣ HKMA launches Tokenised Bond Expert Group to advance digital bond market infrastructure, with @HashKeyGroup as one of its initial member institutions. [2]
2️⃣ @jpmorgan, @Citi and major US banks plan tokenised deposit network for 24/7 settlement. [3]
3️⃣ @stripe, @Visa and @Mastercard back new stablecoin payments platform. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
As tokenisation moves toward broader market adoption, collaboration between regulators and industry participants becomes increasingly important.
Hong Kong’s regulatory framework, capital markets, and institutional infrastructure provide a strong foundation for growth. We look forward to contributing to the continued development of its tokenisation ecosystem.
📢 HashKey Group joins the HKMA @hkmagovhk Tokenised Bond Expert Group as one of its initial member institutions.
As Hong Kong’s tokenised bond market continues to evolve, the Expert Group brings together regulators and market participants to advance market development.
With extensive experience in RWA and tokenised products, HashKey looks forward to contributing practical market observations and insights under the framework of the HKMA’s Tokenised Bond Expert Group.
Read more 👇
https://t.co/dHgdwHsbq4
🤖 AI Agents are creating a new economic layer that requires programmable money, real-time settlement, and machine-native financial infrastructure.
Two major trends are emerging:
1️⃣ Compliance architecture becomes more suitable for agents, with regulatory frameworks evolving toward on-chain ownership recognition.
2️⃣ Traditional capital is gradually converging with on-chain finance through the tokenisation of assets such as Treasuries and money market funds.
Stablecoins may power payments in the Agent Economy. Tokenised RWAs may become its value layer.
Read more https://t.co/DtKQ9muets
📷 Event Recap | The Tokenisation Forge: Building the Institutional Playbook
At HashKey RWA, one question we hear often is: “I want to tokenise an asset. Can you show me how?” The reality is that we are moving beyond simply creating tokenised products. The more important question is: what does the playbook look like after launch?
Together with @chainlink, @galaxyhq, and APEX Digital, we spent an afternoon with industry practitioners sharing best practices and key considerations for building and implementing institutional tokenisation strategies.
A big thank you to all our speakers and participants for making the afternoon both insightful and engaging. We look forward to seeing you at the next one.
HashKey RWA | The Weekly View | May 25-31, 2026
🔝 Weekly view: Tokenised money continued its transition into regulated financial infrastructure this week, as institutions and governments moved from experimentation toward implementation.
📊 Number of focus: 95 nations
Global stablecoin market value now exceeds the foreign exchange reserves of 95 nations, reaching USD 318 billion. [1]
Top News:
1️⃣ Hong Kong SFC sets framework for relevant stablecoin services by licensed platforms and corporations. [2]
2️⃣ DTCC connects tokenisation service to the Stellar (XLM) blockchain, with launch targeted for H1 2027. [3]
3️⃣ Tether and the Government of Georgia launch GEL₮, the official stablecoin of Georgia. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.