Hong Kong’s regulators have formally authorized the China Asset Administration Hong Kong Greenback Digital Foreign money Fund (“the Fund”), set to be listed by the tip of February. This marks the launch of the first-ever retail tokenized fund within the area, permitting traders to entry returns from Hong Kong dollar-denominated funds by means of blockchain know-how.
Hong Kong Greenback Digital Foreign money Fund: First of its Variety in APAC
In response to the announcement, with the approval from Securities and Futures Fee (SFC), the Fund goals to offer traders with enhanced on-chain funding alternatives by integrating blockchain. This can guarantee clear, safe, and scalable settlement on a public, permissioned blockchain, providing a diversified funding expertise. Observe that China Asset Administration, which is certainly one of China’s largest fund administration corporations, boasts over RMB 2.58 trillion in property underneath administration as of December 31, 2024.
Gan Tian, CEO of China Asset Administration (Hong Kong), highlighted, “This milestone is a key step in our technique towards Net 3, with tokenization being a vital focus. Tokenized funds provide revolutionary benefits, reminiscent of blockchain-based title issuance and clear settlement.”
Tian additional emphasised that tokenized securities have the potential to reshape world capital markets, with the launch of the Hong Kong Greenback Digital Foreign money Fund showcasing how digital know-how could make conventional monetary merchandise extra accessible.
On this effort, Customary Chartered Financial institution might be an essential participant because the tokenization agent, digital platform operator, and token custodian for the Fund. The financial institution additionally supplies conventional fund administration and belief companies, which is important for the profitable launch of the product. Notably, the Fund might be tokenized by means of Libeara, a tokenization platform underneath SC Ventures.
Elizabeth Huen, CEO of Customary Chartered Hong Kong, Higher China, and North Asia, sees the launch of the area’s first retail tokenized fund as a major milestone in Hong Kong’s evolution into a world cryptocurrency hub.
Additionally Learn: Hong Kong’s SFC Proposes Increasing Crypto Regulatory Workforce
Hong Kong’s regulators have formally authorized the China Asset Administration Hong Kong Greenback Digital Foreign money Fund (“the Fund”), set to be listed by the tip of February. This marks the launch of the first-ever retail tokenized fund within the area, permitting traders to entry returns from Hong Kong dollar-denominated funds by means of blockchain know-how.
Hong Kong Greenback Digital Foreign money Fund: First of its Variety in APAC
In response to the announcement, with the approval from Securities and Futures Fee (SFC), the Fund goals to offer traders with enhanced on-chain funding alternatives by integrating blockchain. This can guarantee clear, safe, and scalable settlement on a public, permissioned blockchain, providing a diversified funding expertise. Observe that China Asset Administration, which is certainly one of China’s largest fund administration corporations, boasts over RMB 2.58 trillion in property underneath administration as of December 31, 2024.
Gan Tian, CEO of China Asset Administration (Hong Kong), highlighted, “This milestone is a key step in our technique towards Net 3, with tokenization being a vital focus. Tokenized funds provide revolutionary benefits, reminiscent of blockchain-based title issuance and clear settlement.”
Tian additional emphasised that tokenized securities have the potential to reshape world capital markets, with the launch of the Hong Kong Greenback Digital Foreign money Fund showcasing how digital know-how could make conventional monetary merchandise extra accessible.
On this effort, Customary Chartered Financial institution might be an essential participant because the tokenization agent, digital platform operator, and token custodian for the Fund. The financial institution additionally supplies conventional fund administration and belief companies, which is important for the profitable launch of the product. Notably, the Fund might be tokenized by means of Libeara, a tokenization platform underneath SC Ventures.
Elizabeth Huen, CEO of Customary Chartered Hong Kong, Higher China, and North Asia, sees the launch of the area’s first retail tokenized fund as a major milestone in Hong Kong’s evolution into a world cryptocurrency hub.
Additionally Learn: Hong Kong’s SFC Proposes Increasing Crypto Regulatory Workforce
