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🔹️Chinese fund house Bosera Asset Management (International) and cryptocurrency exchange operator HashKey Group said they plan to launch the world’s first tokenised money-market exchange-traded funds (ETFs) in Hong Kong, underscoring the city’s ambition to become a digital-asset hub.
🔹️Through tokenisation, the rights to an asset, such as a money-market fund, are converted into a digital token that can be traded on a distributed ledger technology network. Money-market funds typically invest in low-risk, short-term debt securities such as commercial paper and treasury bills, providing liquidity and preserving capital while offering returns. Money-market ETFs offers0 higher trading flexibility on stock exchanges.
🔹️As compared with traditional money-market funds, this product improves other special features through blockchain technology, enabling investors to gain direct exposure to high-quality money-market instruments by tokens, thereby fulfilling their asset allocation and risk management needs, the firms said.
🔹️This firm also gives different advantages, the underlying assets are mature and high-quality, and it fully considers security and regulatory compliance while reducing investor costs and improving overall liquidity.#TrendingTopic
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