Through compliance-friendly, secure and trustworthy, high-performance low-cost, and a complete on-chain DeFi ecosystem empowering asset liquidity and application scenarios, HashKey Chain is fully committed to assisting global finance in achieving digital upgrades.
HashKey Chain announced that the tokenized US dollar money market fund "CPIC Estable MMF," initiated and managed by China Pacific Insurance (Hong Kong) Co., Ltd. ("CPIC Investment Management (Hong Kong)"), has been successfully deployed on HashKey Chain, with a subscription scale of $100 million on its first day of operation. The on-chain deployment of this fund enhances HashKey Chain's activity in the traditional institutional DeFi space and further solidifies HashKey Chain's market position as the preferred public chain for traditional finance and RWA assets. Through compliance-friendly, secure and trustworthy, high-performance low-cost, and a complete on-chain DeFi ecosystem empowering asset liquidity and application scenarios, HashKey Chain is fully committed to assisting global finance in achieving digital upgrades.
Efficient Low-Cost Compliant On-Chain Finance
By deploying on HashKey Chain, CPIC Estable MMF can provide institutional investors with a transparent and efficient digital asset allocation tool. HashKey Chain's high-performance architecture significantly reduces the technical costs of on-chain institutional products and subsequent operational costs while ensuring the highest level of security. Currently, the on-chain Gas Fee for each transaction is below $0.001, enabling institutions to allocate liquidity assets extremely efficiently.
Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated: "The essence of finance is the flow of value across time and space, and blockchain is a new infrastructure for this process. CPIC Estable MMF achieves on-chain management of fund shares through tokenization, marking a deep integration of traditional finance and blockchain technology. As a compliance-friendly blockchain solution, HashKey Chain provides an efficient and transparent blockchain environment for this innovation, ensuring the stability and liquidity of assets on-chain. HashKey Chain will continue to optimize cross-chain interoperability and smart contract capabilities, providing compliant and efficient infrastructure support for more institutional financial products, accelerating the digital and intelligent upgrade of global financial markets."
Compliance-Friendly Public Chain Assisting Traditional Finance Upgrade
China Pacific Insurance (Hong Kong) is a subsidiary of China Pacific Insurance Group and is the initiator and manager of CPIC Estable MMF. thePAC is its tokenization issuance platform, and Standard Chartered Bank provides custody, registrar, and fund administration services for the fund. According to the product summary, this fund is only available to professional investors and will invest in short-term fixed-income instruments and high-quality money market tools denominated in US dollars.
CG Zhou, CEO of China Pacific Insurance (Hong Kong) Co., Ltd., stated: "Web3 is not created out of thin air; it requires us to build it step by step. The integration with traditional finance is an important direction for the future development of Web3 and one of the most certain directions. The issuance of the tokenized US dollar money market fund represents a milestone step for Taibao Asset Management Hong Kong in this direction. Next, we will fully leverage our advantages as an excellent traditional financial asset manager, utilizing RWA technology to tokenize more traditional assets and relying on compliance-friendly public chains like HashKey Chain to provide more quality assets with real returns for the Web3 world."
Leo Zhu, head of the tokenization ecosystem for the project, stated: "The current RWA ecosystem is experiencing an exponential wave of development, with each successful project weaving new nodes into this value network. Together with HashKey Chain, we are committed to building a value bridge connecting on-chain liquidity pools with off-chain assets, achieving a migration of funds and assets to higher efficiency through a liquidity mechanism driven by smart contracts. This vision requires the joint construction of HashKey Chain and multiple parties, and we welcome asset issuers, managers, and global capital parties to join us in collaborative innovation."
HashKey Chain will continue to work closely with leading global financial institutions and compliant Web3 projects to launch more innovative financial products that combine "compliance infrastructure + on-chain finance," deeply engaging in MMF, stablecoins, and other RWA fields, providing global investors with efficient and transparent on-chain asset management solutions.
About HashKey Chain
HashKey Chain is the preferred public chain for financial institutions and RWA assets on-chain, dedicated to promoting the compliance and scalable development of Onchain Finance. As a compliance-friendly blockchain infrastructure, HashKey Chain provides a secure and transparent on-chain environment for institutions.
With a secure and trustworthy technical architecture, HashKey Chain inherits the decentralized security of Ethereum and enhances transaction efficiency through high-performance optimization, ensuring the stability and traceability of on-chain assets. In addition, HashKey Chain adopts high-performance, low-cost solutions, providing extremely low Gas fees and high throughput, enabling efficient circulation of financial assets such as MMF, bonds, funds, and stablecoins, thereby reducing operational costs for institutions on the blockchain.
HashKey Chain is collaborating deeply with leading global financial institutions and compliant Web3 projects to provide optimal solutions for institutional DeFi, RWA tokenization, stablecoin settlement, and other application scenarios, accelerating the digital and intelligent upgrade of the financial system.
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