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HKEX shared details of WhiteRock, its newest venture in the real-world asset tokenization segment. The platform is set to unlock unmatched opportunities for various classes of RWAs ranging from stocks to real estate.
HKEX bets big on WhiteRock, new-gen RWAs tokenization vehicle
HKEX is announcing WhiteRock, a global platform for tokenized real-world assets including bonds, stocks and real estate.
In its first phases of development, WhiteRock aims to tokenize major stocks, including HSBC and AIA, enabling 24/7 cryptocurrency trading. The platform leverages its native WHITE token to reduce fees and accelerate trade settlements.
In an exclusive comment, WhiteRock contributors stressed the company's focus on battle-tested security and safety:
Our security is locked down
The team shared the results of the company’s audits by OpenZeppelin and PeckShield to mitigate concerns following recent CEXes breaches.
The company believes its technology could attract Western investment into Asia, providing HKEX with a competitive advantage.
This move is not WhiteRock's first foray into financial innovation. The platform has already facilitated the tokenization of stocks from major exchanges, including the NYSE, LSE and Nasdaq, with companies like Apple and Tesla available as crypto-tradable assets.
These integrations, which have been live since late 2024, have garnered growing interest from traders and institutional investors, demonstrating WhiteRock's capability to compete at HKEX’s level.
Bringing Eastern and Western markets closer
During a briefing last week, Bonnie Chan, HKEX’s head of Listings, described the initiative as a calculated step forward.
We’re cutting through barriers to bring investors in
While the exchange sees an opportunity to outpace competitors, it remains cautious.
“This is a trial run, not a full dive,” an HKEX spokesperson clarified, emphasizing close collaboration with regulators.
If successful, this initiative could serve as a bridge between Eastern and Western financial markets, modernizing trading infrastructure.
While no official start date has been announced, the outcome of this trial could shape the exchange’s global strategy for years to come.
Vladislav Sopov
Dan Burgin
