OSL Digital Securities, a regulated digital asset platform and a member of OSL Group, has partnered with China Asset Management (Hong Kong) (ChinaAMC HK), to launch an initiative under Project Ensemble that aims to introduce a tokenised money market fund for investors in Hong Kong.
Pending regulatory approval, this tokenised fund will be available to retail investors in Hong Kong. This innovative initiative marks a step toward wider adoption of tokenised financial products and enhanced accessibility of virtual assets, particularly among the general public, according to a statement by OSL.
Gary Tiu, head of regulatory affairs at OSL, said: ” We believe retail participation is crucial to the development of virtual assets and we are keen to be a key driver in promoting the development of the tokenisation market in Hong Kong and beyond.”
Thomas Zhu, head of digital assets and family office bBusiness, at ChinaAMC (HK), added: “As a key participant in the Ensemble Sandbox, we are committed to leveraging our deep expertise in virtual asset management and our innovative capabilities to drive the growth of Hong Kong’s tokenisation market.”
OSL Group, formerly BC Technology Group, OSL is an SFC-licensed and insured digital asset platform. Founded in 2018, OSL offers markets services (brokerage, exchange, and custody) and SaaS technology solutions, which deliver institutional clients in addition to professional and retail investors access to global liquidity through its digital asset platform.
OSL’s secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.
Established in 2008, ChinaAMC (HK)) is a a wholly owned subsidiary of China Asset Management Co. Limited, which is among the first batch of Chinese asset managers to venture overseas. It had over $300bn in assets under management as of June 30, 2024, according to the asset manager.
