Thomas Daniels
Bosera Secure SFC Approval for Hong Kong’s Tokenized Money Market ETFs with HashKey
The Hong Kong Securities and Futures Commission (SFC) has granted regulatory approval to HashKey Exchange and Bosera Asset Management to introduce two tokenized money market exchange-traded funds (ETFs). This represents a significant step forward in the incorporation of blockchain technology into traditional financial products.
Underpinned by the security and transparency of blockchain infrastructure, the upcoming products—the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF—are intended to give investors low-risk, highly liquid investment vehicles. A joint statement released on March 28 states that these funds would make it possible to access money market instruments directly through tokenized assets.
Through its soon-to-be Earn Channel, Hong Kong-licensed virtual asset trading company HashKey will manage the ETFs’ distribution and custodian services. This program supports experimentation with real-world asset tokenization and is in line with the larger goals of the Hong Kong Monetary Authority’s Project Ensemble Sandbox.
By referring to these products as “yield stabilizers,” HashKey highlighted how appealing they are to investors in virtual assets and decentralized finance (DeFi) players who want to reduce their exposure to market volatility while still having access to competitive yields. The company also emphasized that blockchain technology has two main advantages over conventional fund structures: increased transparency and operational efficiency.
The ETFs are expected to begin in April, but the exact launch date has not yet been published. This represents another phase in Hong Kong’s efforts to establish itself as a center for the development of regulated digital assets.
