36% Undervalued? Futu Holdings (FUTU) On Hong Kong Approval For 24 7 Tokenized Fund Trading
RWA Signal Insight
InfrastructureFutu Holdings has secured regulatory approval from Hong Kong’s securities regulator for its platform, PantherTrade, to offer 24/7 trading of tokenized money market funds. This development allows the firm to integrate digital asset services directly into its Futubull app, marking a strategic expansion into the tokenized financial product space. Despite this operational milestone, Futu Holdings faces significant market headwinds, with its share price declining 42.64% year-to-date. The company reported 3.84 million total funded accounts as of Q2 2026, with international markets accounting for nearly 60% of this base. This regulatory win is significant for the RWA market as it demonstrates the increasing integration of traditional brokerage infrastructure with tokenized investment vehicles in major financial hubs. The move highlights how established digital brokers are leveraging blockchain-based rails to diversify fee income and modernize wealth management offerings. However, the firm continues to navigate complex regulatory pressures and fluctuating trading volumes that impact its overall valuation.
Key points
- PantherTrade received Hong Kong regulatory approval for 24/7 tokenized money market fund trading.
- Services will be integrated directly into the Futubull digital brokerage application.
- Futu Holdings reported 3.84 million total funded accounts as of Q2 2026.
- International markets currently contribute nearly 60% of the firm's total funded accounts.
Background
Futu Holdings is a digital brokerage and wealth management firm that provides investment services across international markets. The company operates the Futubull platform, which offers users access to various financial products, including stocks and now tokenized money market funds. It focuses on leveraging digital infrastructure to scale its brokerage operations globally.