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

Odaily Planet Daily reports that China Asset Management (Hong Kong) has 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 tradable 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. (Wen Wei Po)