It has currently received approval from the Hong Kong Securities and Futures Commission (SFC) and will officially launch in April.

Written by: HashKey Group

Asia's leading digital asset financial services group, HashKey Group, has received approval from the Hong Kong Securities and Futures Commission (SFC) for its Hong Kong dollar and US dollar money market ETF tokenization scheme in collaboration with Bosera International Fund Management Co., Ltd. ("Bosera International"). This will be the world's first tokenized money market ETF, deeply integrating traditional low-risk money market funds with blockchain technology, opening up a round-the-clock stable income journey for on-chain investors.

This product is also one of the key projects in the Hong Kong Monetary Authority (HKMA) Ensemble sandbox project, which focuses on innovative tokenization of real-world assets (RWA). It represents a milestone innovation in the fusion of traditional finance and digital assets, providing investors with efficient, transparent, and low-threshold on-chain investment options.

The upcoming tokenized shares will be for the Bosera Hong Kong Dollar Money Market ETF Fund (on-chain token abbreviation BHKD) and the Bosera US Dollar Money Market ETF Fund (on-chain token abbreviation BUSD). Money market funds are known for their low risk and excellent liquidity, making them a powerful tool for cash management. Bosera International has successfully combined traditional stability with on-chain freedom through advanced blockchain technology, retaining the robustness of traditional money funds while endowing them with the flexibility of digital assets. Compared to traditional money market funds, this product significantly enhances transparency and operational efficiency through blockchain technology, allowing investors to directly hold quality money market instruments by holding tokens, meeting their asset allocation and risk management needs. Whether DeFi investors seek yield balance or virtual asset investors aim to counter market volatility, the Bosera tokenized money market fund will become a "yield stabilizer" for on-chain investors.

Through the collaborative operation of the Web3 ecosystem, HashKey Group provides a comprehensive tokenization solution and full-link technical support for this product, ensuring seamless integration from technology to operations. During the product tokenization process, HashKey Tokenisation provides the full process design and execution for token issuance; the product is subsequently deployed on the preferred public chain HashKey Chain for financial institutions and RWA assets, relying on HashKey's NexaToken service for secure on-chain asset management. The largest licensed virtual asset trading platform in Hong Kong, HashKey Exchange, will serve as the main distribution channel, providing compliant distribution and custody services through the upcoming wealth management channel.

China Merchants Yonglong Trust Co., Ltd. and Bank of China International UK Trust Co., Ltd. serve as custodians and administrative managers for the Bosera Hong Kong Dollar Money Market ETF Fund and the Bosera US Dollar Money Market ETF Fund, respectively, providing essential support for administrative management, investment supervision, and compliance control for the issuance of the product's tokenized shares.

"Tokenizing the money market ETF on the blockchain is a key step for traditional finance to embrace Web3," said Dr. Xiao Feng, Chairman and CEO of HashKey Group. "As an important bridge connecting traditional finance and crypto finance, HashKey Group has established a complete Web3 financial infrastructure. In the current trend of compliance in the market, we expect more traditional financial institutions to actively enter the crypto finance field through innovative tokenized products. This will not only promote the development of the crypto finance market but also facilitate the integration of blockchain technology with the mainstream financial system, creating lasting investment value for institutional and individual investors.

As a discoverer of investment value, Bosera International has been committed to providing professional and comprehensive asset management services to various institutions and individual investors both domestically and internationally. Leveraging financial innovation to promote financial inclusivity and empowering investor services through financial technology is one of Bosera International's key strategies. Ms. Lian Shaodong, Chairman and CEO of Bosera International, MH, stated: "This issuance is another product in the Web 3.0 field following our virtual asset spot ETF, and we hope to create value for investors. As a leading asset management institution in Hong Kong, we place great importance on innovation in the financial sector, continuously exploring business model transformations through technological advancements. We are also very attentive to the investment preferences and demands of on-chain investors and Generation Z investors. In the future, we will further summarize the experiences from this project and apply blockchain technology to more products, providing investors with more investment choices and better investment experiences."

About HashKey Group

HashKey Group is a leading digital asset financial services group in Asia with a global presence.

Since 2018, HashKey Group has built a global Web3 ecosystem across Hong Kong, Singapore, Japan, Bermuda, and other locations within a highly compliant regulatory framework. This includes Hong Kong's largest licensed virtual asset exchange, HashKey Exchange, the virtual asset exchange HashKey Global, the global asset management institution HashKey Capital focused on investing in blockchain technology and digital assets, HashKey OTC providing compliant digital asset over-the-counter trading services, the world-leading Web3 infrastructure provider HashKey Cloud, and the tokenization service provider HashKey Tokenisation. HashKey Group also has a rich on-chain ecosystem, having developed the Ethereum L2 HashKey Chain and launched the HashKey ecosystem token HSK.

HashKey Group will continue to promote the feasibility of large-scale applications of blockchain technology across multiple fields, providing trustworthy and accessible digital asset services to a billion users worldwide.

Note: As of January 15, 2025, ranked 7th in the Coingecko global exchange rankings, making it the highest-ranked licensed virtual asset exchange in Hong Kong.

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About Bosera International

Bosera International is one of the first Chinese-funded fund companies to conduct asset management business in Hong Kong. Since its establishment, Bosera International has seized the opportunity for global asset allocation, adhering to the value investment philosophy, forming a comprehensive product line primarily focused on stable fixed-income investments, covering active equity, passive index, and more, while actively establishing partnerships with other international companies to provide bidirectional and cross-border asset management services for global investors. The clients served by Bosera International are spread across core financial regions such as the United States, Europe, South Korea, Singapore, and Hong Kong. After 15 years of operation in Hong Kong, Bosera International has become one of the largest Chinese-funded asset management companies in Hong Kong.

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