Chinese asset manager Bosera Asset Management (International) and Hong Kong based HashKey Group are set to launch the world's first tokenized money market ETFs in Hong Kong.
The tokenized share classes of two existing ETFs will be introduced, offering retail and institutional investors enhanced transparency, efficiency, and access through decentralized networks.
The ETFs will leverage blockchain technology to convert traditional asset rights into digital tokens, providing investors with exposure to high-quality instruments with a liquid and stable return profile.
The initiative is part of Hong Kong's Project Ensemble sandbox, aiming to modernize financial infrastructure using blockchain technology and enhance the efficiency, transparency, and cost-effectiveness of financial transactions.