Hong Kong’s tokenized-fund and deposit initiatives featured alongside new Nigerian virtual-asset rules, proposed court-enforcement infrastructure in Dubai and stalled French crypto tax amendments in PANews’ weekly roundup covering October 30–November 6, 2026.
The original report was published on November 6, 2026, at 19:50:22 UTC+8. The developments below retain that reporting context; proposals and planned services are distinguished from completed transactions and issued regulations.
Hong Kong: tokenized funds and round-the-clock settlement
At Hong Kong FinTech Week, Christina Choi, executive director of investment products at the Securities and Futures Commission, outlined an Innovation Pathway intended to connect tokenized funds with digital currencies and improve liquidity and treasury management.
Choi said the first tokenized money-market funds were trading on licensed platforms’ secondary markets. A tokenized gold ETF could be the next pilot—not an already approved launch. Hong Kong had 17 authorized tokenized retail products spanning money-market funds, gold products and ETFs, with combined assets under management of $1.3 billion, according to the report.
The SFC’s medium- and longer-term plans included exploring tokenized assets as collateral, bringing more equities and bonds on-chain, and examining smart contracts for investment decisions and transaction automation.
Separately, the Hong Kong Monetary Authority said Ensemble TX had progressed to round-the-clock, real-value transactions involving tokenized deposits. It planned to extend testing to regulated stablecoins. The authority also reported secondary-market trial transactions in tokenized Exchange Fund Bills by recognized dealers and launched tConnect Launchpad with Cyberport to explore tokenization applications.
Standard Chartered launches corporate tokenized deposits
According to CoinDesk, Standard Chartered launched a corporate tokenized-deposit service in Hong Kong, its first market for the offering. Using the bank’s blockchain infrastructure and Ensemble TX, the service supports real-time transfers between participating banks around the clock, with final settlement in central-bank money.
Standard Chartered also worked with Fireblocks to connect digital-asset clients, and HashKey had joined. The bank did not disclose transaction volumes or the number of institutions initially able to use the service.
In another planned deployment, Solana said Anchorpoint—the Hong Kong licensed stablecoin issuer established by Standard Chartered, HKT and Animoca Brands—would bring its Hong Kong dollar stablecoin HKDAP to the network for native issuance and redemption. Solana described this as HKDAP’s first public-blockchain partnership. The announcement covered intended uses from retail payments to tokenized assets; it did not establish that the deployment was already live.
China and Oman sign currency and digital-payment agreements
According to the People’s Bank of China, Governor Pan Gongsheng and Central Bank of Oman Governor Ahmed Al Musalmi signed a bilateral local-currency swap agreement and a memorandum on digital payments and central-bank digital currency cooperation, witnessed by the two countries’ heads of state.
The five-year swap agreement is worth RMB 30 billion/OMR 1.5 billion. The PBOC said the agreements were intended to deepen monetary and financial cooperation, improve cross-border digital-payment convenience and support financial-market stability.
Nigeria divides oversight between the central bank and securities regulator
The Central Bank of Nigeria’s Regulations for the Operations of Non-Security Virtual Assets in Nigeria, dated November 5, 2026, assigned the CBN oversight of non-security virtual assets and stablecoins used for payments, settlement and exchange. Securities-related assets remained within the Securities and Exchange Commission’s remit.
The reported capital requirements included:
- NGN 15 billion, approximately $11.16 million, in minimum paid-up capital for locally licensed issuers of foreign-currency-pegged, Class 2 stablecoins.
- NGN 10 billion for issuers of naira-pegged, Class 1 stablecoins.
- At least NGN 1 billion for providers of other non-security virtual-asset services. Capital already counted toward an SEC licence could not also be counted toward CBN requirements.
Platform-matched peer-to-peer services required specific CBN approval. Before releasing or crediting regulated tokens, platforms had to verify that the name on the naira payment account matched the Bank Verification Number, or BVN. The regulations prohibited categories including algorithmic stablecoins.
France’s crypto tax amendments fall out of the budget text
According to Cointelegraph, France’s National Assembly rejected the revenue portion of the 2027 national budget, removing three previously adopted crypto amendments from the version due to go to the Senate. They could still be reintroduced during Senate consideration.
The measures would have:
- Taxed gains realized when converting cryptocurrency into stablecoins, under an amendment adopted on October 16.
- Required taxpayers to declare self-custodied crypto holdings totaling at least €100,000, approximately $112,000, measured on December 31 of the tax year.
- Increased penalties for crypto platforms failing to provide information requested by tax authorities from €10,000 to €50,000.
These provisions were therefore not enacted requirements on the basis of the reported parliamentary developments.
Dubai courts propose a voluntary on-chain enforcement framework
The Dubai International Financial Centre Courts published a Dispute Resolution Oracle, or DRO, white paper on November 5, according to CryptoBriefing.
The proposal would allow off-chain court judgments or arbitral awards to trigger enforcement involving tokenized assets on participating blockchains. Participation would be voluntary, with parties designating a dispute-resolution forum in advance. The DIFC Courts would serve as the first qualified provider.
The oracle would validate enforcement instructions and create auditable execution records rather than independently decide disputes or alter assets. Adjudication, arbitration and mediation would continue through conventional processes.
The white paper described an open technical and legal framework involving enforceable jurisdictions, adoptable standards, a qualified-provider registry, controlled pilots and international dialogue on mutual recognition. It formed part of the courts’ 2026–2030 growth strategy, rather than an already universal enforcement system.
Tokenized equities: issuer participation and opposition develop in parallel
Canton Strategic Holdings said its issuer-supported tokenized common shares first traded on November 4, Eastern Time, through TSV LLC on Canton Network. The company described the transactions as the first tokenized US equity trades under an SEC innovation-exemption framework introduced on September 17. It said token holders retained the same rights as shareholders holding through Nasdaq.
Elsewhere, Morgan Stanley said it was among the first banks using DTCC’s tokenization service after its October 28 launch, converting US equities and Treasuries into tokenized form. The New York Stock Exchange also announced that Broadridge would provide on-chain governance and digital transfer-agent services for its planned tokenized-equities platform, including shareholder records, communications and proxy voting.
Issuer objections remained a separate constraint. A November 5 public notice from OKXICE TSV, the OKX–Intercontinental Exchange tokenized-securities venture, showed 67 companies opposing tokenized trading of their shares, up from 62 on November 4. Newly listed objectors included Meta, Palantir, S&P Global, KLA and Super Micro Computer.
Market snapshot
RWA.xyz figures cited by PANews put on-chain real-world assets at $39.36 billion as of November 6, up 0.02% from the same point a month earlier. Holder numbers rose 7.17% to 5.6537 million.
Stablecoin market capitalization fell 4.17% to $283.05 billion, while monthly transfer volume increased 46.11% to $9.9 trillion. Holders rose 3.27% to 306 million, but monthly active addresses declined 9.42% to 56.03 million—a divergence between transfer activity, ownership and active-address participation.