【What is the market trading?】 The Hong Kong Monetary Authority is simultaneously advancing the banking sector’s quantum-safe upgrade and the development of tokenized financial services. It requires completion of relevant risk-mitigation preparations by 2030, which falls under a regulatory-side technical supporting policy. 【What’s truly worth paying attention to】 This is not a direct tightening of regulation targeting crypto assets; rather, it is groundwork for Hong Kong to build a compliant tokenized-finance ecosystem. The key variables will be the rules for banks to enter the market and the compliance guidelines for asset tokenization. 【Watch over the next 48 hours】 There is no clear short-term price driver yet. The focus is on whether the HKMA will issue specific business rules for banks’ participation in tokenized finance, and how traditional financial institutions respond. #BTC #ETH