OSL Digital Securities, a leading regulated digital asset platform and a member of OSL Group (863.HK), in collaboration with China Asset Management (Hong Kong) ("ChinaAMC"), a leading asset management company in Hong Kong, today announced the launch of an initiative under Project Ensemble that aims to introduce a tokenised money market fund for investors in Hong Kong.
Pending regulatory approval, this tokenised fund will be the first-of-its-kind available to retail investors in Hong Kong. This innovative initiative marks a significant step toward wider adoption of tokenised financial products and enhanced accessibility of virtual assets, particularly among the general public.
Gary Tiu, Head of Regulatory Affairs at OSL, said, "Our involvement in this significant initiative, alongside ChinaAMC, underscores OSL's commitment to driving innovation and adoption of virtual assets. We believe retail participation is crucial to the development of virtual assets and we are keen to be a key driver in promoting the development of the tokenisation market in Hong Kong and beyond."
Thomas Zhu, Head of Digital Assets and Family Office Business, at China AMC (HK), added: "We are excited to lead the way in exploring tokenised fund products. As a key participant in the Ensemble Sandbox, we are committed to leveraging our deep expertise in virtual asset management and our innovative capabilities to drive the growth of Hong Kong's tokenisation market. This initiative represents not just an opportunity for us and our partners, but a significant milestone in making digital investment solutions accessible to a wider audience."
OSL boasts a solid track record in real-world asset (RWA) tokenisation projects and the virtual asset space. By leveraging its partnership with ChinaAMC, this initiative is uniquely positioned to pioneer the issuance of tokenised funds for retail investors, setting a new standard for accessibility to innovative financial products and driving further innovation in the financial sector.
