35次提到“代币化”，香港新数字资产发展路线图强调RWA发展

Core Viewpoint - The Hong Kong government has released the "Hong Kong Digital Asset Development Policy Declaration 2.0," outlining a new roadmap for the development of digital assets, emphasizing the importance of tokenization, particularly for Real World Assets (RWA) [2][3][4]. Group 1: Policy Framework - The declaration aims to position Hong Kong as a global innovation center for digital assets, transitioning from "virtual assets" to "digital assets," reflecting the industry's maturation [3][4]. - The "LEAP" framework introduced in the declaration focuses on optimizing legal and regulatory aspects, expanding tokenized product categories, promoting application scenarios and cross-sector collaboration, and developing talent and partnerships [3][4]. Group 2: Tokenization and Regulation - The government is establishing a comprehensive regulatory framework for digital asset service providers, including trading platforms and custodians [4][7]. - The declaration includes plans to normalize the issuance of tokenized government bonds and provide incentives for RWA tokenization, such as clarifying stamp duty arrangements for tokenized ETFs [4][7]. Group 3: Market Development and Innovation - The government supports stablecoins and other tokenized projects, exploring the use of stablecoins as payment tools, which is expected to enhance the digital asset ecosystem [5][8]. - The total value of tokenized RWAs on public blockchains has reached nearly $23.4 billion, representing about 10% of the stablecoin market, indicating significant market potential [6][8]. Group 4: Future Directions - The Hong Kong government is actively promoting the tokenization of various assets, including green bonds and carbon credits, to enhance market accessibility and investor confidence [8][9]. - The declaration emphasizes the need for regulatory clarity to facilitate the growth of RWA projects, which are crucial for establishing Hong Kong as a digital asset hub [9].