ChinaAMC Launches Hong Kong’s First Tokenized Money Market Fund for Retail Investors

The Hong Kong arm of ChinaAMC has introduced a tokenized money market fund, marking a significant expansion of blockchain-based investment options for retail investors in the region.

China Asset Management (Hong Kong), a subsidiary of one of China’s largest fund houses, has collaborated with Hong Kong-based crypto exchange OSL to launch the ChinaAMC HKD Digital Money Market Fund. The fund, approved by the Securities and Futures Commission, offers retail investors blockchain-based access to money market assets.

Key Partnerships and Roles

Standard Chartered Bank (Hong Kong) serves as the tokenization agent, digital platform operator, and administrator, while Standard Chartered Trust (Hong Kong) acts as the custodian. This strategic partnership aims to provide a secure and efficient platform for retail investors to engage with tokenized assets.

Expansion Plans and Commitment to Web3

According to Tian Gan, CEO of ChinaAMC (HK), “As the first asset manager in the Asia-Pacific region to launch a retail tokenized fund, ChinaAMC (HK) remains committed to the development and strategic expansion in the web3 investment space.” While no specific timeframe was given, ChinaAMC (HK) plans to expand the fund to more trading platforms in the future.

Hong Kong’s Crypto Strategy Advances

Hong Kong officials are betting on tokenization to attract global liquidity as the city ramps up its digital asset efforts. Financial Services Secretary Christopher Hui recently highlighted tokenization as one of the “defining trends” that could reshape traditional finance and push Hong Kong further into web3.

Recent Tokenization Efforts in Hong Kong

Other notable tokenization efforts in the city include the Hong Kong Monetary Authority’s launch of Project Ensemble Sandbox in August 2024, which aims to test tokenized money for interbank settlements. Earlier in March, HSBC introduced its first retail tokenized gold product, the HSBC Gold Token.

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