Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, stated at the 'Hong Kong Digital Finance Awards 2025' that the licensing regime for stablecoin issuers will be officially implemented next month, marking further improvement of Hong Kong's digital asset regulatory framework. The four pillars of 'LEAP' proposed in the *Hong Kong Digital Asset Development Policy Declaration 2.0* are also being advanced in parallel, including legal and regulatory optimization, expansion of tokenized products, development of cross-border application scenarios, and talent cooperation, aiming to accelerate Hong Kong's development into a trustworthy and sustainable Asian digital asset hub.