Hang Seng Gold ETF to Issue Tokenized Fund Units Based on Ethereum

Odaily News Hang Seng Investment announced the issuance of the gold exchange-traded fund "Hang Seng Gold ETF," which is expected to be listed on the Hong Kong Stock Exchange this Thursday (January 29). This ETF will establish a tokenized unlisted category of fund units, with HSBC serving as the tokenization agent. Initially, Ethereum is planned to be used as the primary blockchain, with the possibility of adopting other public blockchains with equivalent security resilience and distributed ledger technology in the future. It is reported that fund unit holders can subscribe to or redeem tokenized fund units in token form through qualified distributors. (Aastocks)