Former Chairman of the Hong Kong Securities and Futures Commission: Stocks are essentially a type of token

ChainCatcher news, according to 21st Century Business Herald, former chairman of the Hong Kong Securities and Futures Commission, Anthony Neoh, stated in an exclusive interview that Nasdaq in the United States has begun piloting tokenized stock trading and is using stablecoins (such as USDC) for settlement. Tokens are not a new concept; stocks are essentially a type of token. If stocks are turned into digital tokens on the blockchain, all operations can be completed within one system, achieving instant settlement. By combining asset tokenization with central bank digital currencies, the entire market operation model can be reshaped. For Hong Kong to establish such a new capital market based on asset tokenization, it needs to overcome three challenges: technological infrastructure, regulatory framework, and market acceptance.