Answer ... Hong Kong has just rolled out its first regulation governing crypto-asset trading platforms. This means that Hong Kong might see the first licensed exchange in a Tier 1 jurisdiction launched as early as early Q2 2020.

Embracing distributed ledger technology, the Hong Kong Stock Exchange has also announced its intention to build its own blockchain platform for post-trade allocation and processing of northbound transactions.

eTradeConnect – a large-scale, multi-bank blockchain project aimed at improving overall trade efficiency and reducing risks and fraud by digitising trade documents and automating trade finance processes – was also launched in 2018.