Elisa Ng, the Securities and Futures Commission’s executive director of investment products, said at Hong Kong FinTech Week that a tokenized gold ETF “may form the next pilot” — the first public signal on the next phase of pilots after the first two tokenized money market funds landed on licensed platforms for 24/7 secondary trading last week. Hong Kong now has 17 approved tokenized retail products spanning money market funds, gold products and ETFs, with roughly $1.3 billion in assets under management. Ng also unveiled an “Innovation Pathway” mechanism offering regulatory flexibility for products with meaningful benefits and first-mover advantages, and hinted that e-CNY could eventually interact with tokenized funds through subscriptions and redemptions of RMB-denominated tokenized money market funds.

Amundi, Europe’s largest asset manager, launched a tokenized share class of a flagship European equity index fund, extending tokenization beyond cash management solutions into index investing — a new milestone in its digital asset strategy. The new share class was issued on the public Ethereum blockchain and remains fully integrated into the fund’s existing operating model, with the fund still available through traditional channels. The solution was developed with CACEIS, leveraging its technology and infrastructure for the tokenization of fund units. Following its first tokenized money market fund share class and stablecoin subscriptions over recent months, Amundi is now pushing tokenization into mainstream index-based investment scenarios.

Morgan Stanley announced on November 4 that it has become one of the first banks to tokenize real-world assets following the launch of the DTCC Tokenization Service (DTS), converting U.S. equities and U.S. Treasuries to tokenized form. Launched on October 28, DTS lets eligible institutions create 1:1 tokenized representations of securities held at the Depository Trust Company, which holds over $114 trillion in assets under custody, with 20 participating institutions at launch. Meanwhile, the bank’s own plan to support tokenized equities on its alternative trading system has moved to the first quarter of 2027 from an earlier target of the second half of 2026 — the DTCC route lets the bank tokenize securities before its own trading venue opens.

The New York Stock Exchange announced a partnership with Wall Street giant Broadridge Financial Solutions to provide onchain governance and digital transfer agency services for its planned tokenized stock trading platform, covering shareholder record management, investor communications and proxy voting. Investors will be able to participate in shareholder voting through supported wallets, broker platforms or Broadridge’s existing ProxyVote service. Broadridge serves more than 10,000 listed companies globally and processes over $15 trillion in securities trades daily. Securitize and tZERO were previously brought into the NYSE platform’s transfer agent lineup, with four additional partners — Computershare, Equiniti, Superstate and others — now joining.