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"). The official launch is set for April, marking the world's first tokenized money market ETF that deeply integrates traditional low-risk money market funds with blockchain technology, opening 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 initiative, focusing 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. As a member of the working group for the HKMA's Ensemble project, HashKey Group will continue to collaborate with the HKMA and SFC to support the development of Hong Kong's tokenization ecosystem.
The upcoming tokenized shares will be from the Bosera Hong Kong Dollar Money Market ETF and the Bosera US Dollar Money Market ETF. Money market funds are known for their low risk and high liquidity, making them a powerful tool for cash management. Bosera International has successfully combined traditional stability with on-chain flexibility through advanced blockchain technology, retaining the robustness of traditional money market funds while endowing them with the agility of digital assets. Compared to traditional money market funds, this product enhances transparency and operational efficiency through blockchain technology, allowing investors to directly hold high-quality money market instruments via 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 serve as a "yield stabilizer" for on-chain investors.
Through the collaborative operation of the Web3 ecosystem, HashKey Group provides a comprehensive tokenization solution and full-chain technical support for this product, ensuring seamless integration from technology to operations. During the product tokenization process, HashKey Tokenisation offers 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, leveraging 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 distribution and custody services through an upcoming wealth management channel.
China Merchants Yonglong Trust Co., Ltd. and Bank of China International UK Trust Co., Ltd. serve as the custodians and administrative managers for the Bosera Hong Kong Dollar Money Market ETF and the Bosera US Dollar Money Market ETF, respectively, providing administrative management services such as fund transfer registration and accounting valuation, offering indispensable support for the issuance of the product's tokenized shares.
"Tokenizing money market ETFs 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 space through innovative tokenized products. This will not only drive the development of the crypto finance market but also promote 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 is 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, M.H., stated, "This issuance is another achievement in the Web3 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 also pay close attention 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, applying blockchain technology to more products, providing investors with more investment choices and better investment experiences."
Mr. Luo Lihua, CEO of Bank of China International UK Trust, stated, "As a leading tokenized fund custodian, Bank of China International Trust leverages blockchain technology to assist in transfer registration services, driving the industry towards a new digital era. As the digital asset ecosystem matures, we will focus on providing efficient settlement services, creating a more transparent, swift, and convenient service experience for investors, leading the value upgrade of the fund administrative service industry."
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 high-compliance 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 boasts 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, it is the highest-ranked licensed virtual asset exchange in Hong Kong.
Disclaimer: https://group.hashkey.com/disclaimer-group/blank-1
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 global asset allocation opportunities, adhering to a 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. Bosera International serves clients across core financial regions including the United States, Europe, South Korea, Singapore, and Hong Kong. After 15 years in Hong Kong, Bosera International has become one of the largest Chinese-funded asset management companies in the region.
About China Merchants Yonglong Trust Co., Ltd. ("China Merchants Yonglong Trust")
China Merchants Yonglong Trust is a wholly-owned subsidiary of China Merchants Yonglong Bank. China Merchants Yonglong Bank is a licensed bank registered in Hong Kong, formerly known as Yonglong Bank, meaning "forever prosperous." Established on February 25, 1933, in Hong Kong, it is one of the oldest Chinese banks in the region. Acquired by China Merchants Bank in 2008, it officially became a wholly-owned subsidiary of China Merchants Bank in 2009 and was renamed China Merchants Yonglong Bank in 2018. China Merchants Yonglong Bank and its subsidiaries hold licenses for banking, insurance, securities, trust, and asset management, adhering to a customer-centric approach, providing diversified products and services, and maintaining influence and competitiveness in the market.
In 2024, China Merchants Yonglong Trust received a Type 13 regulated activity license from the Hong Kong SFC (to provide custodial services for relevant collective investment schemes). Among the wholly-owned subsidiaries of joint-stock banks in mainland China and Hong Kong, China Merchants Yonglong Trust is the only institution with this license, capable of providing asset custody, fund administration, transfer agency, and other specialized services for Hong Kong public funds, Hong Kong private funds, Cayman private funds, asset management special accounts, and various cross-border products.
About Bank of China International UK Trust
Bank of China International Trust has over twenty years of trust management experience, primarily providing trust and administrative services for funds and retirement protection plans, as well as transfer agency and registration services. As of the end of December 2024, Bank of China International Trust, as a mainstream trustee and custodian for retirement plans in Hong Kong, manages Mandatory Provident Fund assets exceeding HKD 95 billion, with approximately 900,000 Mandatory Provident Fund accounts within the plan.
In the third quarter of 2024, the Hong Kong Monetary Authority launched the "Project Ensemble" sandbox test in collaboration with the industry to explore the interconnectivity of tokenized mutual funds and other virtual assets through wCBDC. Bank of China International Trust is deeply involved in the design and construction of asset tokenization technology, successfully tokenizing money market funds as a fund transfer registrar and administrative manager, and validating the full-process operation of fund tokenization, demonstrating the standardization capability of digital asset securities services. This sandbox collaboration not only solidifies Bank of China International Trust's industry-leading advantage in serving fund companies, brokerages, and asset management institutions but also expands our service boundaries—future services will cover stablecoins and other diverse digital assets, extending to a broader range of institutional investors, continuously meeting market innovation demands.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
