HashKey and Bosera Launch the World's First Tokenized Money Market ETFs

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

HashKey Group, a leading Web3 financial solutions provider, has partnered with renowned investment management company Bosera to unveil the world’s first tokenized money market ETFs.

These ETFs, HKD Money Market ETF and USD Money Market ETF, have received approval from the Hong Kong Securities and Futures Commission and will launch in April 2024.

This initiative marks a crucial combination of traditional financial systems and blockchain technology, paving the way for a new era of investment opportunities.

HashKey Group applied its advanced technical capabilities to tokenize Bosera’s money market ETFs, enhancing their transparency and liquidity.

HashKey Chain, a blockchain platform trusted by financial institutions, was instrumental in this project, providing a secure and high-performance technical solution.

Moreover, HashKey Group’s contributions exist within the broader Ensemble Sandbox Project of the Hong Kong Monetary Authority. This project focuses on developing new real-world asset tokenization methods.

The company’s role in supporting the Hong Kong tokenized financial market closely aligns with the regulatory initiative to foster responsible and efficient Web3 technology integration.

A Triple Threat in Web3 Financial Solutions

HashKey Group is a central influence in Web3 financial solution development. The company delivers complete tokenization procedural services which begin with design steps and finish with execution.

The company’s role spans several key domains. It acts as the main applicant and is granted approval for both virtual asset management and exchange licenses from the Hong Kong Securities and Futures Commission.

HashKey Exchange, Hong Kong’s biggest virtual asset trading platform, is 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 are 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.

“This launch marks a significant step for traditional finance to enter Web3. With tokenization, we will see more financial institutions venturing into crypto finance. Through this integration effort, blockchain technology will combine with mainstream finance to produce lasting investor value,” said Dr. Xiao Feng, Chairman and CEO, HashKey Group.

“At Bosera Asset Management (International), we are committed to fostering financial innovation. We aim to use technology to develop new financial services and establish unique investment vehicles,” said Ms. Lian Shaodong M.H., CEO of Bosera Asset Management (International).

“The approval for Virtual Asset Spot ETF and the launch of the ETF products marks another milestone in our company’s development. It also expands our Web3 business. In the next stage, we will continue to accelerate blockchain application development and introduce better investment choices to meet investors’ evolving needs,” she added.

This financial technology milestone showcases the evolving landscape of investment products as traditional financial practices converge with blockchain technology. HashKey Group, in collaboration with Bosera, is pushing the boundaries of financial progress to introduce advanced and secure financial offerings to investors.