Futu’s Shares Plunge 0.59% Amid Tokenized Fund Alliance as Stock Ranks 276th in Trading Volume

. 18, , . . A strategic partnership with China Asset Management (Hong Kong) to tokenize money market funds in HKD, RMB, and USD is expected to enhance Futu’s blockchain integration. The collaboration, leveraging Futu’s 24/7 on-chain trading capabilities and ChinaAMC’s expertise, aims to improve liquidity for tokenized products. This marks Futu’s first major Web3 alliance, potentially boosting its virtual asset infrastructure and user engagement.

The initiative aligns with growing institutional interest in and stablecoins, as highlighted in recent market analysis. Futu’s role as the exclusive technology brokerage for the partnership underscores its position in bridging traditional finance with blockchain. The tokenized funds, prioritized for listing on Futu’s platform, could address real-time transaction limitations in off-chain markets, enhancing product attractiveness. This move follows ChinaAMC’s earlier launch of Asia’s first spot crypto ETFs, reflecting broader market trends toward digital asset adoption.

Backtesting results for a high-volume trading strategy (2022-2025) showed mixed performance. , . , . .