Globitair

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

South China Morning PostHong Kong

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

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...

Read the full story at South China Morning PostOpen in the live monitor

Related discussion groups

No group discusses this yet. Start a discussion group and attach this story.

More news about Hong Kong