Public Perception of Virtual Assets and Tokenized Money

29 I. AWARENESS OF TOKENIZED MONEY Virtual assets are exchanged in the form of tokens. To facilitate trading of virtual assets, money which serves as a medium of exchange, needs to be seamlessly integrated with token- based virtual asset trading platforms. In other words, money itself needs to be tokenized. The government is currently reviewing three major approaches to tokenizing money in terms of regulation: Central Bank Digital Currency (CBDC), Tokenized Deposits, and Stablecoins. Overall, awareness of tokenized money among the adult population in Hong Kong is low. A significant majority of respondents have never heard of CBDC (71.72%), e-HKD (65.48%), stablecoins (60.82%), or tokenized deposits (80.78%). Figure 26. Awareness of Tokenized Money Have you heard of … before? 0% 10% 40% 70% 20% 50% 80% 30% 60% 90% 100% Yes No 28.28% 71.72% 39.18% 60.82% 34.52% 65.48% 19.22% 80.78% CBDC e-HKD Stablecoins Tokenized deposits