Asia Pacific's First Retail Tokenized Currency Market Fund Goes Live on Ethereum with an Initial Size of Approximately $107 Million

BlockBeats News, March 2nd, Huaxia Fund (Hong Kong) launched the "Huaxia Hong Kong Dollar Digital Currency Fund" on February 28, 2025, with a minimum subscription amount of 10 Hong Kong dollars, 10 yuan RMB, and 1 US dollar based on different currency shares. The fund has become the first tokenized currency market fund in the Asia-Pacific region targeting retail investors.

The fund is based on the Ethereum network, currently only open for primary market subscription and redemption, and has not yet achieved secondary market trading. In the future, it will strictly comply with the guidance of the Hong Kong Securities and Futures Commission, actively collaborate with licensed virtual asset exchanges in Hong Kong to research the development of secondary market products.

Huaxia stated that tokenization can provide more interest-bearing tools for the on-chain ecosystem. In the future, they hope to see stablecoin holders invest and will explore the tokenization of currency market funds in different currencies, including RMB currency market fund tokenization.

According to the product summary, no less than 70% of the net asset value will be invested in short-term deposits, fixed income and bonds, government bonds, deposit certificates, commercial papers, fixed and floating rate short-term notes, bank acceptance bills denominated and settled in Hong Kong dollars, and other securities permitted by the Securities and Futures Commission's "UT Code".