China Asset Management (Hong Kong) will launch tokenized funds for secondary market trading and explore tokenization of products such as equity strategies.

On November 25th, according to a report in the Hong Kong Wen Wei Po, China Asset Management (Hong Kong) announced plans to bring more traditional assets onto the blockchain. Currently, it is researching the tokenization of long-term bonds, equity strategies, and other diversified strategy products. Simultaneously, it will launch tokenized funds that can be traded on the secondary market, allowing fund units to be traded almost 24/7, similar to crypto assets. Furthermore, China Asset Management (Hong Kong) disclosed that the total size of its tokenized money market funds denominated in Hong Kong dollars, US dollars, and RMB has reached HK$5.3 billion.