Hong Kong's cryptocurrency exchange HashKey Group and asset management company Bosera International will launch the world's first tokenized money market exchange-traded fund (ETF) in April. The Hong Kong Securities and Futures Commission (SFC) has approved two new classes of tokenized stocks: Bosera Hong Kong Dollar Money Market ETF and Bosera US Dollar Money Market ETF. These products will provide investors with investment opportunities in high-quality money market instruments through blockchain-based tokens, enhancing asset allocation and risk management capabilities. Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated that with the development of current market compliance trends, more traditional financial institutions are expected to actively enter the crypto finance sector through innovative tokenized products. These ETFs will be issued on the HashKey Chain, which is the company's proprietary blockchain platform. HashKey Exchange is Hong Kong's first licensed cryptocurrency trading platform, providing services to retail investors since August 2023, and is currently the largest regulated virtual asset trading venue in the region. The launch aligns with Hong Kong's strategy to attract global cryptocurrency enterprises through crypto-friendly regulatory measures, aiming to position itself as a hub for Web3 and digital asset innovation.

March 28 - Hong Kong-based cryptocurrency exchange HashKey Group and asset manager Bosera International will launch the world's first tokenised money market exchange-traded funds (ETFs) in April, the companies said in a joint statement on Friday. The Hong Kong Securities and Futures Commission (SFC) has approved two new tokenised share classes - the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF, according to the statement. The products will allow investors exposure to high-quality money market instruments via blockchain-based tokens, enhancing asset allocation and risk management capabilities, the firms said. "Under the current market trend of compliance, we expect more traditional financial institutions to actively enter the crypto finance sector through innovative tokenisation products," said Dr. Xiao Feng, chairman and CEO of HashKey Group. The ETFs will be issued on HashKey Chain, the company's proprietary blockchain platform. HashKey Exchange, which became Hong Kong's first licensed crypto trading platform to serve retail investors in August 2023, is currently the largest regulated virtual asset trading venue in the territory. The launch aligns with Hong Kong's push to position itself as a center for Web3 - the blockchain-based evolution of the internet - and digital asset innovation through crypto-friendly regulatory measures designed to attract global cryptocurrency businesses. (This story has been refiled to correct a syntax error in paragraph 3)

Hong Kong's HashKey and Bosera International will launch the world's first tokenized currency market ETF.