HashKey Group, in collaboration with Chinese asset manager Bosera, is set to introduce two tokenized money market exchange-traded funds (ETFs) in Hong Kong. These funds aim to provide investors with low-risk and highly liquid investment options.
World's First Tokenized ETFs
The new ETFs, Bosera HKD Money Market ETF and Bosera USD Money Market ETF, have already secured approval from the Hong Kong Securities and Futures Commission. These tokenized ETFs are designed to offer blockchain-based access to traditional money market investments, enhancing transparency and operational efficiency.
Benefits of Tokenized Funds
According to HashKey, compared to conventional money market funds, this approach allows investors to gain direct exposure to high-quality money market instruments through tokenization. By leveraging blockchain technology, the funds aim to streamline asset allocation and improve risk management for investors.
Future Prospects and Crypto Rating Initiative
HashKey Exchange, Hong Kong’s licensed virtual asset trading platform, will serve as the primary distribution channel for the ETFs and will provide custody services through its upcoming Earn Channel. The ETFs are expected to debut in April as part of the Hong Kong Monetary Authority’s Project Ensemble Sandbox initiative exploring the tokenization of real-world assets.
These initiatives, including HashKey's partnership with the Hong Kong Virtual Asset Rating Company to launch a crypto rating project, highlight Hong Kong's ambition to become a global crypto hub, offering investors new opportunities for risk reduction and market transparency improvement.
