- HashKey Group and Bosera introduce the first tokenized money market ETFs, approved by Hong Kong’s Securities and Futures Commission.
- The ETFs combine low-risk traditional financial instruments with blockchain’s transparency and efficiency.
- Blockchain technology on the HashKey Chain ensures secure asset management and better trading capabilities.
HashKey Group, a leading digital asset financial services provider in Asia, has partnered with Bosera Asset Management (International) Co., Limited to launch two tokenized money market ETFs. The Bosera HKD Money Market ETF (Tokenised Class) and the Bosera USD Money Market ETF (Tokenised Class) are set to revolutionize the integration of traditional finance and blockchain technology.
According to a post by Hashkey on X, these tokenized ETFs have received approval from the Hong Kong Securities and Futures Commission (SFC) and are slated for release in April 2025.
Tokenization of Traditional Finance
The introduction of tokenized money market ETFs demonstrates an important connection point between traditional financial systems and blockchain technology. These funds operate within the Project Ensemble Sandbox at Hong Kong Monetary Authority which investigates RWAs tokenization. Using blockchain technology these ETFs present financial managers with a transparent efficient substitute to conventional money market funds.
Money market funds are typically low-risk, highly liquid financial products, making them essential for cash management. The new tokenized ETFs combine this traditional stability with the flexibility of digital assets. Investors will now be able to gain direct exposure to high-quality money market instruments via tokens, making it easier to manage risk and asset allocation.
Blockchain Technology Enhances Transparency and Efficiency
Blockchain technology stands as a fundamental element for enhancing transparency together with improved operational efficiency. Through this technology investors can tokenize actual assets to achieve better trading capabilities in money market instruments. Security together with transparency form a compelling reason for investors to choose blockchain because it lets them manage their risk exposure through diversified portfolios.
The integration of blockchain also streamlines the entire investment process, enhancing the overall experience for investors. The tokenised shares are deployed on HashKey Chain, a public blockchain platform preferred by financial institutions and RWA issuers. HashKey Group’s technology ensures secure on-chain asset management via its NexaToken service.
Collaborative Efforts for Successful Launch
HashKey Group is providing full-chain technical support and tokenisation solutions for the ETFs. The company is also ensuring seamless integration from technology to operations. In addition, the Hong Kong-based HashKey Exchange, one of the largest licensed virtual asset platforms, will be the primary distribution channel for the tokenised shares.
CMB Wing Lung (Trustee) Limited and BOCI-Prudential Trustee Limited will serve as custodians for the two tokenised funds, overseeing critical services like fund administration and transfer agent services. These partnerships are vital to the success of the tokenised ETFs, ensuring proper oversight and smooth functioning.
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