OSL Digital Securities (OSL), a regulated digital asset platform and a member of OSL Group, today announced the first retail tokenised fund in Hong Kong, The ChinaAMC HKD Digital Money Market Fund, will be available on its platform.
The retail tokenised fund, issued by China Asset Management (Hong Kong) (ChinaAMC HK) and approved by the Securities and Futures Commission for offering to retail clients in Hong Kong, are expected to debut today.
Standard Chartered Bank (Hong Kong) will serve as the tokenisation agent, digital platform operator, and administrator, and Standard Chartered Trust (Hong Kong) will act as the fund’s custodian.
OSL is one of the first eligible distributors of this fund. Bringing expertise in blockchain and digital assets to this initiative, OSL will play a key role in enabling, promoting and facilitating subscription and redemption for the fund in Hong Kong.
Gary Tiu, executive director & head of regulatory affairs, OSL, said: “Investors deploying capital to on-chain assets have limited opportunities to de-risk their positions without sacrificing convenience and yields. Retail and professional investors in Hong Kong deserve a wider risk and liquidity spectrum in their digital financial products.”
“OSL users can now enjoy more choices to increase or decrease their risk exposures even when investing on-chain.”
Tian Gan, CEO of ChinaAMC (HK), added: “As the first asset manager in the Asia-Pacific region to launch a retail tokenized fund, ChinaAMC (HK) remains committed to the development and strategic expansion in the Web 3.0 investment space.”
“We are delighted to collaborate with OSL as one of our initial distributors, bringing this innovative product to investors through OSL, a leading virtual asset trading platform.”
