HashKey and Bosera are introducing tokenized money market ETFs in Hong Kong, providing blockchain-enabled access to stable cash management solutions.
HashKey, in partnership with asset management firm Bosera, is gearing up to launch two tokenized money market exchange-traded funds (ETFs) in Hong Kong, designed to deliver low-risk and highly liquid investment opportunities.
The funds, named the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF, have received approval from the Hong Kong Securities and Futures Commission and aim to provide investors with blockchain-based access to secure, liquid investment products.
Unlike traditional money market funds, these ETFs aim to enhance transparency and operational efficiency through the use of blockchain technology. This innovation allows investors to gain direct exposure to premium money market instruments via tokenization, addressing their asset allocation and risk management needs.
“DeFi investors looking to balance yields, as well as virtual asset investors aiming to reduce market risk, will find Bosera’s tokenized money market fund to be a dependable option, acting as a ‘yield stabilizer’ for on-chain investors.”
The new ETFs are designed to give investors a stable and secure alternative to traditional cash management practices typically associated with conventional money market funds.
HashKey Exchange, the licensed virtual asset trading platform in Hong Kong, will be the primary distribution channel for these ETFs and will also offer custody services through its forthcoming Earn Channel.
While a specific launch date is yet to be disclosed, the ETFs are anticipated to debut in April. They are a part of the Hong Kong Monetary Authority’s Project Ensemble Sandbox, which focuses on the tokenization of real-world assets.
