In a global first, Hong Kong opens secondary trading for tokenised public funds
Quick Look
Investors can now trade tokenised Hong Kong dollar and US dollar money market funds by ChinaAMC on an SFC-licensed virtual asset trading platform around the clock.
AI-generated summary
Why It Matters
Tokenised money market funds are increasingly being offered on regulated virtual asset platforms.
Investors can now trade two tokenised money market funds – the Hong Kong dollar and US dollar versions of the ChinaAMC Digital Money Market Fund – on an SFC-licensed virtual asset trading platform (VATP).
“For retail investors, this marks a vital upgrade in time sovereignty over fund management,” said Katie He, head of strategic business at China Asset Management (Hong Kong), noting that trading was now available around the clock, including weekends and public holidays.
Open Questions
- Which specific VATP is hosting the funds?
- What is the total assets under management for the funds?
