Hong Kong's Securities and Futures Commission (SFC) has been in discussions with cryptocurrency ETF issuers about offering pledging services through licensed platforms, Bloomberg reported, citing people familiar with the matter. The discussions are still ongoing without a concrete timetable.
A spokesman for the SFC declined to comment on the report, saying that the proceeds from the pledges could boost demand for cryptocurrency spot ETFs in Hong Kong, if they are ultimately approved.
Serra Wei, CEO of Aegis Custody, said discussions between Hong Kong ETF issuers and regulators on pledging are healthy and in line with the regulatory regime. It is also a milestone for Hong Kong to include pledges in an Ether spot ETF.
