Standard Chartered and ChinaAMC HK Team Up to Launch Retail-Focused Tokenized Money Market Fund

China Asset Management Hong Kong Receives Approval for Retail-Focused Tokenized Money Market Fund

  • China Asset Management Hong Kong receives regulatory approval to launch one of Asia’s first retail-focused tokenized money market funds.
  • Standard Chartered will provide comprehensive digital asset services through its Libeara tokenization platform.
  • The fund marks a significant shift from existing tokenized MMFs that typically target accredited investors.
  • ChinaAMC HK brings substantial institutional backing with over $360 billion in AUM through its parent company.
  • The initiative follows Hong Kong’s Project Ensemble trials and ChinaAMC’s previous crypto ventures with Bitcoin and Ether ETFs.

China Asset Management Hong Kong (ChinaAMC HK) is breaking new ground in Asia’s digital asset space by partnering with Standard Chartered to launch a tokenized money market fund targeting retail investors. The initiative, approved by Hong Kong’s Securities and Futures Commission, represents a significant milestone in democratizing digital asset investments.

- Advertisement -

The fund’s launch leverages Standard Chartered’s Libeara tokenization platform, with the bank serving as the primary digital asset service provider. This arrangement includes comprehensive fiduciary oversight, fund administration, and custody services through the bank’s trustee subsidiary.

ChinaAMC HK, backed by state-owned CITIC Securities, brings substantial institutional credibility to the project. The asset manager’s parent company oversees more than $360 billion in assets, and has already demonstrated its commitment to digital assets through its Hong Kong-listed spot Bitcoin and Ether ETFs.

“Standard Chartered’s dedication to innovation and advancement in the realm of Web 3.0 aligns seamlessly with the strategic vision of China Asset Management (Hong Kong),” stated Tian Gan, CEO of ChinaAMC HK, emphasizing the fund’s role in bridging traditional and digital markets.

The initiative distinguishes itself from existing tokenized MMFs like Wellington Management’s Singapore fund and UBS’s uMint, which exclusively serve accredited and institutional investors. In the institutional space, Hashnote’s USYC ($1.14 billion) and BlackRock‘s BUIDL on Ethereum currently dominate, primarily serving as collateral for various crypto-financial products.

The fund’s development follows ChinaAMC HK’s participation in Hong Kong’s Project Ensemble trials, where it collaborated with crypto exchange OSL. While distribution partnerships remain unconfirmed, the previous collaboration suggests potential future arrangements.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest

Uniswap (UNI) Rebounds Above $6 After Brief Uptrend Breakdown

Uniswap's UNI token dropped below its key uptrend line following a failed hold above the $6.00 support level.High trading volumes accompanied the decline, including...

Michael Saylor Invites Joe Rogan to Discuss Bitcoin on Podcast

Michael Saylor has shown interest in discussing Bitcoin on The Joe Rogan Experience podcast.The idea has generated excitement in the Bitcoin community, with some...

Congress Debates Stablecoin Bill Amid Rising Bank and Crypto Tensions

U.S. lawmakers are moving forward with the Senate Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, with debates set to resume after...

American Engineer Drugged, Robbed in Sophisticated London Crypto Heist

An American software engineer lost approximately $123,000 in cryptocurrency after being drugged and robbed in London.The victim was targeted by an impersonator posing as...

Max Keiser Doubts New Bitcoin Treasuries’ Discipline in Bear Market

Bitcoin-focused companies are increasingly copying the treasury strategy used by Michael Saylor's Strategy.Max Keiser raised doubts about whether these newer companies can maintain commitment...

Must Read

18 Countries With No Privacy Laws According To UN (List)

Privacy laws are legal frameworks designed to protect personal data from unauthorized access, misuse, or disclosure.Lack of privacy laws can lead to misuse of...