The first tokenized currency market ETF has been approved by the Hong Kong Securities and Futures Commission and is about to be issued.

The Hong Kong Securities and Futures Commission recently approved an innovative tokenization money market ETF plan, marking the world's first such product. This plan was developed in collaboration with a leading digital asset financial services group and a well-known fund company, with plans to officially issue two versions in Hong Kong dollars and US dollars in April.

This innovative product deeply integrates traditional low-risk money market funds with blockchain technology, providing on-chain investors with round-the-clock robust yield options. As a participant in the Hong Kong Monetary Authority's Ensemble project, this digital asset financial group will continue to collaborate with regulators to promote the development of Hong Kong's tokenization ecosystem.

Compared to traditional money market funds, this tokenized product enhances transparency and operational efficiency through blockchain technology. Investors can directly hold tokens of high-quality money market instruments to meet asset allocation and risk management needs. Whether DeFi investors seek yield balance or virtual asset investors cope with market volatility, this product can serve as a "stabilizer" for on-chain investments.

During the product development process, the digital asset financial group provided a tokenization comprehensive solution and full-link technical support. From token issuance design, public chain deployment, to asset security management, and then to trading platform distribution, a complete Web3 ecological collaboration has been formed.

A well-known trust company and another trust company serve as custodians and administrative managers for two funds, providing important support for the issuance of tokenized shares.

The CEO of the digital asset financial group stated that this is a key step for traditional finance to embrace Web3. It is expected that in the future, more traditional financial institutions will enter the crypto finance sector through innovative tokenization products, promoting the integration of blockchain technology with the mainstream financial system.

The CEO of the partner fund company also stated that this is another achievement in the Web3 field following the virtual asset spot ETF. In the future, blockchain technology will be further applied to more products, providing investors with more options.

As a leading tokenization fund custodian, a certain trust company stated that it will rely on blockchain technology to assist in transfer registration services, creating a more transparent and swift experience for investors, and promoting the upgrade of the fund administration service industry.

The launch of this innovative product marks an important step in the deep integration of traditional finance and blockchain technology, with the potential to bring new opportunities to investors.