بورس فلزات لندن در حال بررسی توکنیزاسیون فلزات در هنگ کنگ است

The London Metal Exchange (LME) has begun exploring plans to tokenize metal stored in its Hong Kong warehouses, potentially allowing businesses to use digital representations of physical inventories as collateral for financing. Summary The London Metal Exchange is exploring tokenization of off-warrant metals held in Hong Kong warehouses. Proposed digital representations could allow businesses to secure loans using physical metal inventories. HKEX is targeting a 2027 pilot for tokenized warehouse-receipt financing with designated banks. Hong Kong’s commodity strategy includes new warehousing capacity, tax incentives and blockchain-based collateral management. HKEX is developing a multi-asset tokenization platform incorporating carbon credits and commodity warehouse receipts. In an October 28 report, Reuters cited three people familiar with the discussions who linked the initiative to Hong Kong’s plans to become an international commodities trading center. The proposal would cover metal held outside the exchange’s warrant system, giving traders another route to obtain funding against their inventories. LME officials confirmed that discussions were underway but described the project as exploratory. The exchange has scheduled a private industry roundtable for early November, where stakeholders are expected to examine the proposed financing arrangements. LME targets off-warrant metals for tokenization A central part of the proposal concerns off-warrant metal, which refers to inventory held in approved warehouses without an active LME warrant. Unlike warranted metal, it lacks a standardized financing arrangement through the exchange’s existing system. Warrants function as title documents covering specific quantities of metal and can already support trading or secured borrowing. Under the proposed arrangement, digital tokens would represent eligible off-warrant inventory, allowing businesses to pledge those assets when seeking loans. Responding to questions about the initiative, the LME acknowledged that it was examining tokenization to support financing and would consult industry participants before settling on an approach. You might also like: London Stock Exchange partners with Kraken parent to tokenize UK stocks Chief Executive Matt Chamberlain had previously discussed the technology during LME Week Asia in May. Although the exchange has now outlined the type of inventory it wants to address, the proposed framework remains under development. The LME has required warehouses to report off-warrant inventories since 2020, a measure introduced to provide additional information about available industrial-metal supplies. Copper and aluminum are among the commodities covered by its warehouse reporting system. Hong Kong plans tokenized warehouse financing for 2027 Hong Kong’s September policy address provides a more detailed timetable for commodity-backed financing. The government said Hong Kong Exchanges and Clearing (HKEX), which acquired the LME in 2012, was working toward a pilot for tokenized warehouse-receipt financing with designated banks in 2027. According to the official policy document, the pilot will use physical tracking technology to support loans secured against commodity inventories.