Huaxia Hong Kong Dollar Digital Currency Fund chooses Ethereum public chain for issuance, with an initial size of approximately 107 million US dollars

Odaily Planet Daily News: Huaxia Hong Kong Dollar Digital Currency Fund chooses Ethereum public chain for issuance; The initial scale is approximately 107 million US dollars; At present, only primary market redemption applications are open, and secondary market trading has not yet been achieved. In the future, we will strictly comply with the guidelines of the Hong Kong Securities and Futures Commission and actively work with licensed virtual asset exchanges in Hong Kong to explore the next steps for the development of secondary market products. Huaxia stated that tokenization can provide more interest generating tools for the on chain ecosystem. In the future, it hopes to see stablecoin holders invest and explore tokenization of different currency market funds, including RMB currency market fund tokenization. Investors subscribe to the token shares of the fund, and the underlying assets of the fund are no different from traditional money market funds. According to the product information summary, no less than 70% of the net asset value will be invested in short-term deposits denominated and settled in Hong Kong dollars, fixed income and bonds, government bonds, certificates of deposit, commercial paper, fixed and floating rate short-term bills, bank acceptance bills, and other securities allowed by the Hong Kong Securities and Futures Commission's Code of Conduct for Unit Trusts and Mutual Funds. (Caixin)