In a move that underscores Hong Kong’s growing embrace of digital finance, HashKey Exchange and Chinese asset manager Bosera have received approval from the Hong Kong Securities and Futures Commission (SFC) to launch two tokenized money market exchange-traded funds (ETFs).
Announced on March 28, the upcoming Bosera HKD Money Market ETF and Bosera USD Money Market ETF will provide investors with blockchain-based access to traditionally low-risk, liquid investment products—offering a modernized approach to cash management and yield generation.
Bridging TradFi and Blockchain
According to the official release, the tokenized ETFs aim to bring the transparency, efficiency, and accessibility of blockchain technology to the world of money markets. Unlike conventional funds, these tokenized versions will offer real-time settlement, greater operational transparency, and direct on-chain exposure to high-quality instruments.
“The product greatly improves transparency and operational efficiency through blockchain technology,” said HashKey. “DeFi investors seeking to balance their yields or virtual asset investors looking to mitigate market risk can find a reliable solution in Bosera’s tokenised money market fund, serving as a ‘yield stabiliser’ for on-chain investors.”
The launch comes as part of the Hong Kong Monetary Authority’s Project Ensemble Sandbox, a regulatory framework designed to explore the tokenization of real-world assets and its implications for the financial system.
HashKey’s Expanding Role
HashKey Exchange, one of the few licensed virtual asset trading platforms in Hong Kong, will serve as the primary distribution channel for the ETFs. The company also plans to provide custody services through its upcoming Earn Channel, signaling further integration of traditional investment tools into the digital asset ecosystem.
Although a firm launch date has not been confirmed, the ETFs are expected to go live in April.
A Milestone for Tokenized Finance
The approval marks a significant milestone in Hong Kong’s effort to position itself as a leading hub for regulated digital assets. With institutional-grade tokenized investment products now gaining regulatory traction, the line between traditional finance (TradFi) and decentralized finance (DeFi) continues to blur—offering investors new ways to engage with markets.
As regulators and institutions worldwide explore asset tokenization, Hong Kong’s green light to HashKey and Bosera could serve as a template for future financial innovation in Asia and beyond.
