Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled plans to digitise and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a web-based platform, subject to technical readiness and regulatory approval.
This platform will be integrated into the ETP creation and redemption process, connecting key ETP participants with the use of Distributed Ledger Technology (DLT) and smart contracts, and will help increase overall ETP market efficiency, supporting the continued growth of secondary market activity for ETPs.
HKEX’s Head of Exchange Traded Products, Jean-Francois Mesnard-Sense, said:
“Speed and efficiency are critical in an increasingly dynamic market environment. With ETP being one of our fastest-growing…
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