波士顿咨询&Aptos：2026数字货币：香港基金行业倍增式发展机遇研究报告（英文版）（32页）.pdf

1、By David Chan,Yue Hong Zhang,Teddy Hung,and Allison Xu of the Boston Consulting Group By Solomon Tesfaye,Ryan Zega,and Emilio Rivero Coello of Aptos LabsDigital Money:A Chance for Hong Kongs Fund Industry to Double Up2 DIGITAL MONEY:A CHANCE FOR HONG KONGS FUND INDUSTRY TO DOUBLE UPContents03 Forewo

2、rd04 Executive Summary 06 About Us07 On-Chain Finance Can Reshape Financial Infrastructure Globally16 Our Pilot:Fund Demand Doubled With New Features Enabled by Digital Money and Assets21 Hong Kong Is Positioned to Lead in On-Chain Finance26 The Financial Industry Must Adopt Key Enablers and Rethink

3、 Client Offerings to Thrive in the Tokenized Era30 About the AuthorsBOSTON CONSULTING GROUP +APTOS LABS +HANG SENG BANK 3ForewordSean ParkManaging Director and Senior Partner,BCGThe definition of money and finance is being reimagined.Blockchain technology has evolved from potential to practical real

4、ity,establishing the foundation for token-based financial infrastructure that is programmable,transparent,and global.Stablecoins,tokenized deposits,and central bank digital currencies are gaining momentumdemonstrating that digital money can move value as efficiently as information.This transformatio

5、n is now accelerating in asset management:tokenized funds have grown from roughly$2 billion in 2024 to more than$8 billion today,a four-fold increase that confirms their scalability and institutional relevance.Each new launch reinforces the thesis that tokenized funds are not just an innovation,but

6、a repeatable model capable of reshaping global investment markets.At BCG,we are proud to collaborate with Aptos Labs and Hang Seng Bank in Phase 2 of the e-HKD Pilot Program under Project e-HKD+to help advance this evolution and contribute to the responsible growth of the digital financial ecosystem