// Even a modest start could see a large market in tokenized assets by 2030. Hong Kong’s circular is clear: The regulator would treat the token as only a wrapper around something that is valuable. The usual rules will apply. Intermediaries will conduct due diligence on issuers of tokenized securities and their technology vendors, make disclosures to the public, and take additional precautions before offering tokens on public networks that don’t have a central authority and where anyone can participate. https://www.bloomberg.com/opinion/articles/2023-11-20/digital-assets-stocks-bonds-on-the-blockchain-challenge-regulators //