China Asset Management Hong Kong has been approved to launch the first retail tokenized fund in Asia Pacific
China Asset Management (Hong Kong) announced that its Huaxia Hong Kong dollar digital currency fund has been approved by the Securities and Futures Commission (SFC) in Hong Kong and is expected to go public by the end of February. The fund is the first retail tokenized fund in the Asia-Pacific region. It aims to provide investors with innovative investment tools based on the income of Hong Kong dollar currency funds using blockchain technology.