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Former Chairman of the Hong Kong Securities and Futures Commission: Stocks are essentially a type of Token.
The former chairman of the Hong Kong Securities and Futures Commission, Liang Dingbang, pointed out that Nasdaq is experimenting with tokenization of stock trading, using stablecoins for settlement, and believes that converting stocks into digital tokens can achieve instant settlement. Hong Kong needs to overcome challenges in technology, regulation, and market acceptance to establish a new type of capital market.

