Hong Kong has introduced a regulatory roadmap to expand its virtual assets market, announced by Securities and Futures Commission chief executive Julia Leung Fung-yee at the Consensus Hong Kong 2025 conference. The plan, named ASPIRe, includes 12 initiatives covering derivatives, margin lending, token listing frameworks, and custody services. The SFC aims to streamline market access, enhance investor safeguards, and improve liquidity while attracting global platforms. It also plans to explore staking, borrowing, and lending services under clear guidelines. The roadmap seeks to balance security and market growth by refining custody technologies and storage ratios. Lawmaker Johnny Ng Kit-chong welcomed the move, noting Hong Kong’s strict regulations have limited trading volumes compared to the US. The SFC has not set a timetable for implementation.