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Huaxia HKD Digital Currency Fund is expected to be listed by the end of February as the first retail tokenized fund in the Asia-Pacific region.
Huaxia Fund (Hong Kong) announced that its Huaxia Hong Kong Dollar Digital Currency Fund has been approved by the Hong Kong Securities and Futures Commission. The fund is expected to be officially launched at the end of February.
Huaxia Fund (Hong Kong) announced that its Huaxia Hong Kong Dollar Digital Currency Fund has been approved by the Hong Kong Securities and Futures Commission. The fund is expected to be officially launched by the end of February, becoming the first retail tokenized fund in the Asia-Pacific region. It will provide investors with an innovative investment tool to access Hong Kong dollar fund returns through blockchain technology. Standard Chartered Bank (Hong Kong) (02888) is the digital asset service provider for Huaxia Fund (Hong Kong) and serves as the custodian for the open-ended fund company. Gan Tian, CEO of Huaxia Fund (Hong Kong), expressed his pleasure in cooperating with Standard Chartered in this milestone product launch. Standard Chartered's innovation and development in the field of Web 3.0 align well with the strategic direction of Huaxia Fund (Hong Kong). Through Standard Chartered's leading custodial services and innovative tokenization platform, the efficient issuance of this tokenized currency fund was successfully achieved. It is hoped that this cooperation will contribute to Hong Kong's goal of becoming a digital financial center and bring innovative financial products empowered by technology to investors. Mary Huen, CEO of Standard Chartered Bank Hong Kong, Greater China, and North Asia, expressed her pleasure in strategically combining Standard Chartered's strengths in traditional custodial services and innovative financial technology to assist Huaxia Fund (Hong Kong) in launching the first tokenized retail fund in the Asia-Pacific region within a short period. This marks another milestone in making Hong Kong a global hub for digital assets.
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