Hong Kong SFC Approves World's First 'Tokenized Money Market ETF'... Launch in April
Suehyeon Lee
Summary
- The Hong Kong Securities and Futures Commission (SFC) announced that it has approved the world's first 'Tokenized Money Market ETF'.
- This product issues short-term financial market ETFs based on the Hong Kong dollar and the US dollar in token form on the blockchain.
- The solution jointly developed by HashKey Group and Bosera International is scheduled to be launched in April.
In Hong Kong, the world's first 'Tokenized Money Market Exchange-Traded Fund (Money Market ETF)' will be launched this April.
According to WuBlockchain on the 28th (local time), the Hong Kong Securities and Futures Commission (SFC) has approved the tokenized money market ETF solution jointly developed by HashKey Group and Bosera International.
This product is structured to issue short-term financial market ETFs based on the Hong Kong dollar and the US dollar in token form on the blockchain, and it will be issued on the HashKey Chain.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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