Chinese funds gigant launches tokenized fund for money money in Hong Kong

Hong Kong Arm Citamc has introduced a tokenized fund for the money market on offer to expand investment options on the investment block for retail investors.

China asset management (Hong Kong), a branch of one of ChinaHave launched the largest house of the fund Hong KongThe first retail tokenized Money Fund in cooperation with Hong Kong Cripto Exchange OSL.

The so-called Chaniamc HKD Trend Fund of the Market Market Market, which has been approved by the Securities Commission, offers retail investors on the basis of installation based on cash markets, south Chinese morning in the morning reports.

The standard chartered bank (Hong Kong) serves as a tokenization agent, digital platform operator and administrator, while the standard authorized trust acts as a guardian. Although not a given time frame, Chaniamc (HK) plans to expand the fund to several shopping platforms in the future.

“As the first asset manager in Asia-Pacific area, the retail tokenized fund, Citaamc (HK) remains dedicated to the development and strategic expansion in the Web3 investment space.”

Tian Gan, Citamc Director General (HK)

Hong Kong officials are betting on tokenization to attract global liquidity while the city increases its efforts for digital property. Secretary of financial services Christopher Hui Recently called Tokenization One of the “defined trends” that could reshape traditional finances and push Hong Kong further in the Web3.

This move follows other tokenization efforts in the city. In August 2024. year, Monetary Administration Hong Kong launched Project ensemble Sandbox for testing tokenized money for interbank settlements. Earlier in March, HSBC presented its first retail tokenized gold product, HSBC Gold token.