- HashKey and Bosera secured Hong Kong SFC approval to launch tokenized money market ETFs, offering blockchain-based transparency and operational efficiency.
- The ETFs, deployed on HashKey Chain, provide investors with secure digital tokens backed by high-quality money market instruments.
- Custodians CMB Wing Lung and BOCI-Prudential ensure secure fund administration, marking a step toward integrating traditional finance with blockchain.
HashKey Group and Bosera International have secured approval from the Hong Kong Securities and Futures Commission to tokenize money market ETFs. The project will issue tokens for both Hong Kong dollar and US dollar funds in April on the HashKey Chain.
Approval and Regulatory Endorsement
HashKey Group and Bosera International received regulatory approval to launch tokenized money market ETFs. The approval covers two funds and confirms that blockchain technology meets strict compliance requirements. The tokens will represent traditional money market instruments on a secure digital platform.
The review process examined the technical and operational aspects of tokenization. The project converts conventional money market funds into digital tokens while maintaining a secure environment. Regulatory authorities confirmed that the system complies with existing financial standards.
Blockchain Integration and Technical Support
The tokenization process is powered by the HashKey Chain, a public blockchain known for its performance and security. The platform provides the necessary technical support to convert and manage digital tokens. HashKey Group employs a comprehensive tokenization solution to ensure a seamless transition.
Dr. Xiao Feng, Chairman and CEO of HashKey Group, explained, “Bringing money market ETFs on-chain using blockchain technology is an important step for traditional finance. We aim to support a smooth transition to digital assets while ensuring security and compliance.” His statement outlines the role of HashKey Group in modernizing asset management using digital tools.
Industry Collaboration and Custodial Services
Bosera International partners with HashKey Group to bring tokenized ETFs to market. Ms. Lian Shaodong M.H., Chairman and CEO of Bosera Asset Management (International) Co., Limited, stated, “Bosera International is dedicated to providing professional and comprehensive asset management. Our focus on financial innovation drives us to leverage technology that supports financial inclusion and empowers investor services.” Her remarks indicate Bosera’s commitment to merging traditional finance with digital innovation.
Custodial services for the tokenized ETFs are managed by CMB Wing Lung (Trustee) Limited and BOCI-Prudential Trustee Limited. Mr. Andrew Law, CEO of BOCI Prudential, commented, “Our role as a custodian of tokenized funds is to use blockchain technology to improve transfer agency and registry services. This approach sets the stage for a digital era in fund administration.” His comments explain the custodians’ function in maintaining secure and efficient fund operations.
Future Developments and Market Expansion
The tokenized money market ETFs project aligns with broader efforts to explore real-world asset tokenization in Hong Kong. The initiative aims to provide investors with a secure, digital alternative for managing cash and low-risk investments. The project supports further innovation in digital finance without compromising on compliance.
Both HashKey Group and Bosera International plan to extend blockchain applications to additional financial products. Their collaboration combines robust technology with traditional asset management practices. This project offers a model for integrating digital assets into conventional finance while ensuring transparency and operational efficiency.
