Huaxia Pioneers Asia's First Ethereum-Based Digital Currency Fund for Retail Investors
1min read Huaxia Fund, a pioneering investment firm based in Hong Kong, has launched a groundbreaking Ethereum-based digital currency fund tailored for retail investors. This innovative financial instrument, the "Huaxia Hong Kong Dollar Digital Currency Fund," was unveiled on February 28, 2025, and requires a minimum investment of just 10 Hong Kong dollars, 10 yuan RMB, or 1 US dollar, depending on the chosen currency.
The fund, the first of its kind in the Asia-Pacific region, is designed to provide retail investors with access to the digital currency market. Built on the Ethereum network, the fund currently offers primary market subscription and redemption, with plans to expand to secondary market trading in accordance with the guidelines set by the Hong Kong Securities and Futures Commission. Future collaborations with licensed virtual asset exchanges are expected to facilitate the development of secondary market products.
Huaxia Fund's primary objective with this fund is to enrich the on-chain ecosystem by introducing novel interest-bearing tools. The fund aims to attract stablecoin holders and is exploring opportunities for currency market fund tokenization across various currencies, including the RMB. Notably, at least 70% of the fund's net asset value will be allocated to secure investments such as short-term deposits, government bonds, and other approved securities, as outlined by the Securities and Futures Commission's "UT Code".