China Asset Management Hong Kong has received approval from Hong Kong’s Securities and Futures Commission SFC to launch a retail tokenised money market fund MMF by the end of February.
The fund, named ChinaAMC HKD Digital Money Market Fund, primarily consists of short-term, high-quality debt instruments denominated in Hong Kong dollars.
Once launched, it will become the first retail tokenised MMF in Hong Kong, as well as the first retail tokenised fund across Asia Pacific Apac.
Standard Chartered serves as the tokenisation agent, digital platform operator and token custodian of the offering. The bank is providing securities services and technology solutions facilitating...
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