Public Perception of Virtual Assets and Tokenized Money

32 SURVEY FINDINGS PART II: TOKENIZED MONEY Tokenized deposits are a type of financial asset that represent traditional bank deposits, such as savings or checking accounts, converted into digital tokens. In a scenario where a bank issues tokenized deposit and allows individuals to freely transfer their tokenized deposits from another bank into these tokenized deposits, and use them to conduct transactions for virtual assets, 35.17% of respondents indicated they would use the tokenized deposits to trade virtual assets, 27.67% expressed they would not, and 37.17% were neutral. When asked whether tokenized deposit should have the same legal status and protection as deposit of a licensed bank regulated by the Hong Kong Monetary Authority, a majority of respondents (51.88%) agreed, 17.84% disagreed, and 30.27% remained neutral. Figure 29. Respondents’ Likelihood to Use Tokenized Deposits for Trading Virtual Assets Figure 30. Respondents’ Opinions on Legal Status and Protection of Tokenized Deposits How likely will you use the tokenized deposit to trade virtual assets? Do you think the tokenized deposit should have the same legal status and protection as deposit of a licensed bank regulated by the Hong Kong Monetary Authority? 10% 10% 0% 0% 40% 40% 70% 70% 20% 20% 50% 50% 80% 80% 30% 30% 60% 60% 90% 90% 100% 100% 6.26% 8.31% 13.10% 37.17% 24.36% 7.83% 2.98% 8.82% 30.27% 21.73% 14.70% 15.45% 4.55% 4.47% 1 3 2 4 7 6 5 (1 = Absolute No ; 4 = Neutral ; 7 = Absolute Yes) 1 3 2 4 7 6 5 (1 = Absolute No ; 4 = Neutral ; 7 = Absolute Yes)