HashKey and Bosera Launch First Tokenized Money Market ETF

Story Highlights

• HashKey and Bosera launch first tokenized money market ETFs.

• ETFs approved by SFC, enhancing transparency through HashKey Chain.

• HashKey supports Hong Kong’s tokenized finance under HKMA project.

HashKey and Bosera have partnered to launch the world’s first tokenized money market ETFs. These ETFs have been approved by the Hong Kong Securities and Futures Commission and will launch in April. The implementation stands as a crucial combination of traditional financial systems with blockchain technology. The tokenization process via HashKey Chain makes Bosera’s money market ETFs more transparent and liquid. HashKey Chain supplied both secure and high-performance technical solutions to assist with this project.

HashKey Group Supports Hong Kong’s Tokenized Financial Market Growth

The tokenized ETFs exist as part of the Ensemble Sandbox Project conducted by Hong Kong Monetary Authority to develop new real-world asset tokenization methods. The HashKey Group contributes to this regulatory initiative through ongoing support of the Hong Kong tokenized financial market growth.

The company launched the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF as new products. Money market funds maintain both low risk character and instant accessibility to funds. Bosera applied blockchain technology to construct a product that combines traditional financing models’ protection with digital asset mobility features.

The tokenization system presents its users with enhanced clarity and operational effectiveness compared to regular money market funds. Through tokens, investors gain straight access to premium money market instruments. These asset management features assist investors by handling their assets while decreasing their potential for risks. The decentralized finance investor can use this product as an instrument to stabilize their yield. Virtual asset investors who seek investment protection can use this product as a dependable solution.

HashKey Group functions as a central influence in Web3 financial solution development. The company delivers entire tokenization procedural services which begin with design steps and finish with execution. The ETFs will use HashKey Chain which stands as a blockchain platform endorsed by financial institutions.

HashKey and Bosera Strengthen Digital Asset Security with Tokenized ETFs

The platform safeguards digital asset security through the NexaToken service provided by HashKey. HashKey Exchange operates as Hong Kong’s biggest virtual asset trading platform, licensed to distribute these ETFs and manage their custodial needs via Earn Channel services.

Both CMB Wing Lung (Trustee) Limited and BOCI-Prudential Trustee Limited serve as designated corporate custodians. The fund administration services encompass transfer agent work and valuation services which they will deliver. Smooth operations of tokenized ETFs are maintained through these procedures.

Dr. Xiao Feng, Chairman and CEO of HashKey Group, said this launch is an important step for traditional finance to enter Web3. Tokenization will allow more financial institutions to pursue crypto finance according to his predictions. Blockchain technology will combine with mainstream finance through this integration effort to produce enduring investor value.

Bosera Asset Management (International) through its CEO Ms. Lian Shaodong M.H. expressed the company’s dedication to financial innovation. She disclosed that her organization plans to use technology to develop financial services and establish fresh investment vehicles. The Virtual Asset Spot ETF launch from Bosera enabled the company to expand its Web3 business with this tokenized ETF. The company plans to accelerate blockchain application development and implement better investment choices in its future innovations.

This financial technology milestone serves as a significant development which links traditional financial practices with blockchain technology. HashKey together with Bosera push forward financial progress through their development of enhanced and secure financial offerings.