China Asset Management Launches First Retail Tokenized Fund in APAC
Broadening Investor Base
China Asset Management, a Hong Kong investment firm, has unveiled a tokenized fund called the China AMC HKD Digital Money Market Fund. This fund, the first of its kind in the Asia Pacific region, invests primarily in Hong Kong dollar (HKD)-denominated short-term deposits and money market instruments.
The fund will be accessible through various eligible distributors, including traditional brokers, banks, and licensed virtual asset trading platforms, aimed at broadening the investor base and aligning with Hong Kong’s evolving digital asset landscape.
Tian Gan, CEO of China AMC, stated:
> “By bridging traditional finance and decentralized finance, the product is part of ChinaAMC (HK)’s commitment to innovation and aligns with broader industry trends toward tokenization. This innovative and compliant investment solution leverages blockchain technology to prepare investors for the future of financial products.”
The fund, which is fully owned by China Asset Management Co. Ltd., has shown keen interest in exploring investment opportunities within blockchain and decentralized finance (DeFi).
Mary Huen, CEO of Standard Chartered in Hong Kong and greater China, expressed her bank’s enthusiasm to assist China AMC in launching this pioneering product, highlighting the significance of enabling clients to take advantage of the burgeoning digital asset market.
Executives from OSL and Solomon JFZ (Asia) Holdings Ltd., among the first distributors appointed, praised this launch and pledged to enhance the adoption of tokenized investment solutions in the region.
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