Bosera and HashKey Set to Introduce the Globe’s First Tokenized Money Trading market ETFs in Hong Kong
Bosera Asset Management (International), a Chinese asset management firm, alongside Hong Kong-based digital currency exchange operator HashKey Group, has revealed their intentions to introduce the globe’s inaugural tokenized money crypto market exchange-traded fund (ETF) in Hong Kong.
As per a report from Friday by South China Morning Post, the companies indicated that they would launch tokenized share classes for two current ETFs — the Bosera HKD Money Crypto market ETF and the Bosera USD Money Crypto market ETF.
These investment products, grounded in blockchain technology, will be accessible to both retail and institutional investors starting in April, post receiving the green light from Hong Kong’s Securities and Futures Commission.
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Tokenization Converts Traditional Assets into Blockchain-Enabled Digital Tokens
The tokenization process pertains to the transformation of conventional asset rights, such as those in money market funds, into digital tokens that can be traded on a distributed ledger.
Typically, money crypto market ETFs invest in short-term, low-risk instruments like treasury bills and commercial paper, providing investors with a liquid and stable return profile.
With tokenization, the companies aspire to enhance transparency, operational efficiency, and accessibility through decentralized networks.
“Relative to traditional money trading market funds, this offering greatly boosts transparency and efficiency by utilizing blockchain technology,” the firms remarked.
“It enables investors to attain direct access to high-quality instruments through tokenized means, aiding asset allocation and risk management strategies.”
The tokenized ETFs form a segment of the Hong Kong Monetary Authority’s (HKMA) Project Ensemble sandbox, which investigates tokenized real-world assets (RWAs) and seeks to upgrade financial infrastructure through blockchain technology.
Eddie Yue, Chief Executive of HKMA, previously indicated that tokenization could foster more efficient, transparent, and cost-effective financial transactions, as per the SCMP.
“Integrating money crypto market ETFs onto the distributed database is a crucial advancement for traditional finance as it transitions towards Web3,” stated HashKey Group CEO Xiao Feng.
The World’s First Tokenized Money Crypto market ETFs Unveiled: HashKey Group and Bosera Set New Benchmark in RWA Advancement
— HashKey Group (@HashKeyGroup) March 28, 2025
Tony Lu, Bosera’s Deputy Head of Fixed Income, characterized the product as a “fundamental and vital link” connecting traditional financial frameworks with blockchain-based ecosystems.
Bosera Chairman and CEO Lian Shaodong remarked that the company is dedicated to ongoing financial innovation and is keenly observing trends among younger, on-chain investors, especially Generation Z.
HashKey Trading platform, a licensed digital asset trading network in Hong Kong, will handle the distribution of the tokenized ETFs.
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Dubai Financial Regulator Introduces Tokenization Sandbox to Foster Innovation in DIFC
On March 17, 2025, the Dubai Financial Services Authority (DFSA), the autonomous regulator of the Dubai International Financial Centre (DIFC), announced an invitation for expressions of interest to engage in its recently established Tokenization Regulatory Sandbox.
This initiative is aimed at providing organizations a regulated setting to test and develop tokenized investment products and offerings.
As stated by the DFSA, insights from industry discussions held at the Dubai FinTech Summit in May 2024 and January 2025 uncovered persistent obstacles regarding interoperability, scalability, and regulatory clarity—challenges the sandbox intends to tackle.
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Key Takeaways
- Bosera and HashKey are set to launch the first tokenized money trading market crypto ETF in Hong Kong this April.
- The tokenized ETFs aim to enhance transparency, efficiency, and access by utilizing distributed record technology.
- This initiative is part of a wider effort in Hong Kong to modernize financial infrastructure via Project Ensemble.
The post Bosera and HashKey to Introduce the First Tokenized Money Market ETFs in Hong Kong appeared first on 99Bitcoins.
