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HashKey and Bosera Announce Tokenized Money Market ETFs in Hong Kong

HashKey, a prominent cryptocurrency exchange, has partnered with Chinese asset manager Bosera to launch two tokenized money market exchange-traded funds (ETFs) in Hong Kong. These ETFs aim to provide investors with blockchain-based access to low-risk, liquid investment products, leveraging innovative technology to enhance transparency and efficiency in cash management.

Overview of the Tokenized Money Market ETFs

The two ETFs, named Bosera HKD Money Market ETF and Bosera USD Money Market ETF, have already received approval from the Hong Kong Securities and Futures Commission. This marks a significant milestone for the integration of blockchain technology into traditional financial products.

According to HashKey, these tokenized money market funds offer several advantages over traditional alternatives. By utilizing blockchain technology, the funds improve operational efficiency and transparency, allowing investors to directly access high-quality money market instruments through tokens. This approach caters to asset allocation and risk management needs, particularly for those seeking stable cash management solutions.

Meeting the Needs of On-Chain Investors

For decentralized finance (DeFi) investors aiming to balance yields, or virtual asset investors looking to mitigate market risks, Bosera’s tokenized money market funds serve as a reliable option. These ETFs act as a “yield stabilizer,” offering a low-risk alternative for on-chain investors.

“DeFi investors seeking to balance their yields or virtual asset investors looking to mitigate market risk can find a reliable solution in Bosera’s tokenized money market fund.”

HashKey Exchange as the Primary Distribution Channel

HashKey Exchange, a licensed virtual asset trading platform based in Hong Kong, will play a central role in distributing these ETFs. The exchange is also set to provide custody services via its upcoming Earn Channel, ensuring secure storage and management of tokenized assets.

Part of Hong Kong’s Project Ensemble Sandbox

The launch of these tokenized ETFs aligns with the Hong Kong Monetary Authority’s Project Ensemble Sandbox initiative, which explores the tokenization of real-world assets. This project underscores Hong Kong’s commitment to embracing blockchain technology and fostering innovation in financial markets.

Expected Launch Timeline

While the official release date has not been confirmed, the ETFs are anticipated to launch in April. Investors looking for secure and stable cash management options will soon have access to these blockchain-powered investment products.

HashKey and Bosera’s collaboration reflects a growing trend toward integrating blockchain technology into mainstream finance, offering accessible and efficient solutions for both traditional and cryptocurrency investors.

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