HashKey, in collaboration with Chinese asset manager Bosera, is set to introduce two tokenized money market exchange-traded funds (ETFs) in Hong Kong, aiming to provide investors with low-risk and highly liquid investment options.
The Bosera HKD Money Market ETF and the Bosera USD Money Market ETF have already secured approval from the Hong Kong Securities and Futures Commission, according to a March 28 press release.
These tokenized ETFs are designed to offer blockchain-based access to traditional money market investments, enhancing transparency and operational efficiency. HashKey asserts that, compared to conventional money market funds, this approach allows investors to gain direct exposure to high-quality money market instruments through tokenization. By leveraging blockchain technology, the funds aim to streamline asset allocation and improve risk management for investors.
According to HashKey, DeFi investors looking to stabilize yields or virtual asset holders seeking to mitigate market risks can benefit from Bosera’s tokenized money market fund. The company describes it as a “yield stabilizer” for on-chain investors, offering a secure and stable cash management solution similar to traditional money market funds.
HashKey Exchange, Hong Kong’s licensed virtual asset trading platform, will serve as the primary distribution channel for the ETFs. It will also provide custody services through its upcoming Earn Channel, further ensuring a secure investment environment. While the exact launch date has not been confirmed, the ETFs are expected to debut in April. The companies noted that these offerings are part of the Hong Kong Monetary Authority’s Project Ensemble Sandbox, an initiative exploring the tokenization of real-world assets.
In a related development, HashKey has also partnered with the Hong Kong Virtual Asset Rating Company to launch a crypto rating initiative. This program aims to help businesses comply with the regulatory standards set by the Securities and Futures Commission. Offering virtual asset ratings, exchange ratings, and asset indices, the initiative seeks to improve market transparency and compliance. By establishing objective evaluation standards, HashKey aims to strengthen Hong Kong’s position as a global crypto hub while also providing investors with risk indicators to navigate the evolving digital asset market with greater confidence.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
