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In a global first, Hong Kong opens secondary trading for tokenised public funds

In a global first, Hong Kong opens secondary trading for tokenised public funds
Key Points

The Hong Kong Securities and Futures Commission (SFC) on Monday approved the world’s first-ever secondary trading of tokenised public funds, reinforcing the city’s push to build the region’s leading ecosystem for tokenised finance. 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...

The Hong Kong Securities and Futures Commission (SFC) on Monday approved the world’s first-ever secondary trading of tokenised public funds, reinforcing the city’s push to build the region’s leading ecosystem for tokenised finance. 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...
Hong Kong (LOCATION) The Hong Kong Securities and Futures Commission (ORG) US (LOCATION) the ChinaAMC Digital Money Market Fund (ORG) SFC (ORG)
Originally published by South China Morning Post Read original →