The Solana Company is looking to expand its tokenization services in Hong Kong after the government designated it a strategic enterprise. CEO Joseph Chee said the company may assess demand in six months. It aims to build a local team of 30 to serve banks only if demand holds and no large local teams emerge to meet it.
Hong Kong regulators have approved 17 tokenized retail products with $1.3 billion in assets under management, according to the source. The Hong Kong Monetary Authority has also approved HSBC and Anchorpoint to launch Hong Kong dollar stablecoins; Anchorpoint plans to offer issuance and redemption on the Solana blockchain.
