36% Undervalued? Futu Holdings (FUTU) On Hong Kong Approval For 24 7 Tokenized Fund Trading
Futu 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.