China Asset Management (Hong Kong) has launched two new tokenized money market funds denominated in RMB and USD, following its inaugural HKD fund in February. The RMB fund marks a significant milestone as the first tokenized money market fund to use the Chinese currency.
ChinaAMC HK is a subsidiary of the mainland asset manager with $386 billion in assets under management, majority owned by state-controlled CITIC Securities. The company has partnered with Standard Chartered as custodian and Libeara, Standard Chartered’s indirect subsidiary, as the tokenization platform.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
