TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

VATP

Hong Kong: Asia's Riskiest Regulatory Bet on Becoming a Crypto Hub

Hong Kong's digital asset policy — VATP licensing, ASPIRe Roadmap, Stablecoin Ordinance, and the geopolitical complexity of building a crypto hub under Chinese sovereignty.

Donovan Vanderbilt · February 24, 2026 · 10 min read

Hong Kong's VATP Licensing: Asia's Most Ambitious Crypto Hub Strategy

Hong Kong's mandatory licensing regime for Virtual Asset Trading Platforms — introduced in June 2023 — is the centrepiece of its strategy to become Asia's premier institutional digital asset hub, competing directly with Singapore and Dubai.

Donovan Vanderbilt · February 24, 2026 · 9 min read

SFC (Securities and Futures Commission — Hong Kong)

SFC's mandatory VATP licensing regime, the JPEX enforcement incident, the ASPIRe Roadmap's five pillars, and SFC's coordination with HKMA and HKEX.

Donovan Vanderbilt · February 24, 2026
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