According to Caixin, Huaxia Hong Kong dollar digital currency fund has chosen the Ethereum public chain to issue, with an initial scale of about 107 million US dollars. According to reports, the fund is the first tokenized money market fund for retail investors in the Asia-Pacific region. At present, the fund only opens the primary market for redemption, and has not yet achieved secondary market transactions. In the future, it will strictly abide by the guidelines of the Hong Kong Securities Supervision Commission and jointly study secondary market product development with the Hong Kong licensed virtual asset exchange. Huaxia said that after tokenization, it can provide more interest-bearing tools for the on-chain ecosystem. In the future, it hopes to attract stablecoin holders to invest, and will explore the tokenization of different currency money market funds, including RMB money market funds. The underlying assets of the fund are the same as traditional money market funds, and no less than 70% of the net asset value will be invested in short-term deposits, bonds and other financial instruments denominated and settled in Hong Kong dollars.