Asia Region Promotes Tokenization of Real-World Assets, Engages Major Global Institutions

Asia is becoming increasingly recognized as a leader in tokenization technology, or the process of converting real assets into digital forms (token). Global investors are becoming more interested in entering the Asian market because clear rules and regulations make them more confident and willing to invest.
After the European Union and Japan announced a regulatory sandbox for real-world assets (RWA) and tokenization, it is now Hong Kong's turn to take similar steps. The Hong Kong Monetary Authority launched "Project Ensemble," a sandbox to test the tokenization of real-world assets.
Several major players such as HSBC have joined this project, signaling strong support for the development of the tokenization ecosystem in the region.
Japan continues to strengthen its position in the tokenization ecosystem with well-thought-out and mature regulations, successfully building trust from various major institutions. One example is the security token issuance infrastructure developed by MUFG.
The Japanese Payment Services Act ( allows trusted stablecoins to hold up to 50% of their reserves in low-risk government bonds and time deposits. This is considered a cautious and prudent regulatory approach.
Meanwhile, Hong Kong is taking swift action by launching the Ensemble Sandbox, a regulatory innovation hub designed to accelerate the testing and experimentation of new technologies.
Thus, Japan focuses on building a strong long-term foundation, while Hong Kong prioritizes agility in driving technological innovation.