HashKey, Bosera Launch World's First Tokenized Money Market ETFs

HashKey Group, a prominent digital asset financial services group in Asia, has joined forces with Bosera to introduce the world’s first tokenized money market ETFs. This innovative collaboration merges traditional finance with blockchain technology, enhancing transparency, security, and liquidity. The Bosera HKD Money Market ETF and Bosera USD Money Market ETF, approved by the Hong Kong Securities and Futures Commission (SFC), are scheduled to launch in April. These ETFs are part of Hong Kong’s Project Ensemble Sandbox, which explores the tokenization of real-world assets. As a member of this initiative, HashKey Group will continue to work with the HKMA and SFC to advance Hong Kong’s tokenized ecosystem. These money market ETFs, known for their low risk and high liquidity, combine traditional stability with the flexibility of blockchain technology, offering an innovative investment product for efficient cash management.

Bosera’s tokenized money market fund utilizes blockchain to provide greater transparency and efficiency, giving investors direct access to high-quality money market assets. This product is ideal for DeFi and virtual asset investors, acting as a “yield stabilizer.” HashKey Group offers full tokenization support, with the product deployed on HashKey Chain for secure asset management. It will be distributed through HashKey Exchange, Hong Kong’s largest licensed platform, with additional custody services via the Earn Channel. Dr. Xiao Feng, Chairman and CEO of HashKey Group, remarked, “Bringing money market ETFs on-chain through blockchain technology is a crucial step for traditional finance to embrace Web3.” CMB Wing Lung (Trustee) Limited and BOCI-Prudential Trustee Limited serve as custodians and administrators for the Bosera HKD and USD Money Market ETFs.

This groundbreaking initiative, powered by HashKey Chain, aims to revolutionize the asset management and digital finance sectors. The two ETFs, the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF, are designed to offer investors low-risk, high-liquidity investment options, leveraging the benefits of blockchain technology. The tokenized ETFs are part of a broader initiative known as 'Project Ensemble,' a sandbox program by the Hong Kong Monetary Authority. This project is designed to explore the integration of traditional finance with blockchain technology, fostering innovation in the financial sector. The approval of these ETFs by the Hong Kong Securities and Futures Commission (SFC) marks a significant milestone in the adoption of digital assets in mainstream finance.

The launch of these tokenized ETFs is expected to set a new standard in real-world asset (RWA) innovation. By tokenizing money market ETFs, HashKey and Bosera are enabling more efficient and transparent trading, settlement, and custody processes. This move is likely to attract a broader range of investors, including those who are new to digital assets, by providing a familiar investment structure with the added benefits of blockchain technology. The collaboration between HashKey Group and Bosera Asset Management underscores the growing trend of traditional financial institutions embracing digital assets. This partnership not only enhances the credibility of tokenized financial products but also paves the way for further innovation in the financial sector. The successful launch of these ETFs could inspire other financial institutions to explore similar initiatives, driving the adoption of blockchain technology in mainstream finance.

The tokenized money market ETFs are set to launch in April, marking a significant step forward in the integration of traditional finance and digital assets. This development is expected to have a profound impact on the financial markets, offering investors new opportunities while enhancing the efficiency and transparency of financial transactions. As the financial industry continues to evolve, initiatives like these will play a crucial role in shaping the future of asset management and digital finance.