HashKey Group and Bosera launched the first tokenized money market ETFs, which were approved by the SFC in Hong Kong.
The ETFs combine blockchain technology with traditional finance, enhancing transparency and operational efficiency. HashKey Group and Bosera Asset Management have announced the launch of the world’s first tokenized money market exchange-traded funds (ETFs). These products, the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF, will be unveiled in April 2025. Both ETFs have been approved by the Hong Kong Securities and Futures Commission (SFC), marking a significant step in integrating traditional finance with blockchain technology.
The newly created ETFs seek to bring together both traditional finance and blockchain technology. The Bosera HKD and USD Money Market ETFs are pioneering, as they are both money market funds and utilize the blockchain system. The funds are classified as money market funds, meaning they are low-risk and highly liquid, thus suitable for use in money management.
The ETFs are expected to provide transparency and efficiency in their operation. The use of blockchain technology allows for straightforward and defined access in the market, improving accessibility and speed of transactions. In addition to this, the use of blockchain is expected to improve user interaction with traditional finance and digital assets.
Bosera Exchange Traded Funds are in the Hong Kong Monetary Authority category, which focuses on RWA tokenization. HashKey from Sandbox will work closely with HKMA and SFC to improve Hong Kong’s tokenized space. With such integration, the plan aims to increase innovation in digital finance and support tokenization.
HashKey Group Key Part in ETF Space Revealed
As a leading provider of digital asset financial services in Asia, HashKey provides full technical and tokenization support for the Bosera money market ETFs. The products will be deployed on the HashKey Chain, a public blockchain known for its security and efficiency in asset management.
HashKey Exchange, Hong Kong’s largest licensed virtual asset trading platform, will serve as the primary distribution channel. Additional custodial services will be provided through the upcoming Earn Channel. Another benefit of such tokenized money market ETFs is that they provide more transparency than other traditional funds.
The incorporation of the money market funds and blockchain technology offers real-time and clear approaches to tracking investments. It also assures that investors can track their investments with a high level of ease. The funds are under Bosera Asset Management Company, which is one of the biggest asset management companies in Hong Kong. The five ETFs will be managed by CMB Wing Lung (Trustee) Limited and BOCI-Prudential Trustee Limited in regard to custodian services.
These custodians will serve valued roles such as transfer agent and fund valuation for the funds. The debut of tokenized Bosera HKD and USD Money Market ETFs reflects a step forward in blending blockchain and traditional financial products. The ETFs and traditional finance bring a new investment focused on flexibility and stability when linked to digital assets.
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