Odaily News Huaxia Hong Kong Dollar Digital Currency Fund chooses Ethereum public chain for issuance; the initial scale is about 107 million US dollars; currently only the primary market is open for subscription and redemption, and the secondary market transaction has not yet been realized. In the future, it will strictly abide by the guidance of the Hong Kong Securities Regulatory Commission and actively work with Hong Kong licensed virtual asset exchanges to study the next step of secondary market product development. Huaxia said that after tokenization, it can provide more interest-bearing tools for the on-chain ecology. In the future, it hopes to see stablecoin holders to invest, and will explore the tokenization of money market funds in different currencies, including the tokenization of RMB money market funds. Investors subscribe to the token shares of the fund, and the underlying assets of the fund are no different from traditional money market funds. According to the product information summary, no less than 70% of the net asset value will be invested in short-term deposits, fixed income and bonds, government bonds, certificates of deposit, commercial paper, fixed and floating rate short-term notes, bank acceptance bills, etc. denominated and settled in Hong Kong dollars, as well as other securities permitted by the Hong Kong Securities Regulatory Commission's "Unit Trust and Mutual Fund Code". (Caixin)