The world's first tokenized currency market ETF is launched: HashKey Group and Bose Fund join forces to promote the integration of traditional finance and blockchain

The tokenization scheme of the Hong Kong dollar and US dollar currency market ETFs jointly cooperated by HashKey Group, Asia's leading digital asset financial services group, and Bose Fund (International) Limited ("Bse International") has now been approved by the Hong Kong Securities Regulatory Commission (SFC) and will be officially issued in April. This will become the world's first tokenized money market ETF, deeply combining traditional low-risk money market funds with blockchain technology, and embarking on a steady and all-weather and stable journey for on-chain investors.

This product is also one of the important projects in the Hong Kong Monetary Authority (HKMA) Ensemble sandbox project to conduct innovative tokenization for real-world assets (RWA). It is a milestone innovation in the integration of traditional finance and digital assets, providing investors with efficient, transparent and low-threshold on-chain investment options. As a working group member of the Ensemble project of the Hong Kong Monetary Authority (HKA) HashKey Group will continue to work with the HKMA and the SFC to support the development of the tokenized ecosystem in Hong Kong.

The tokenized shares will be issued this time are the Hong Kong dollar Money Market ETF Fund and the Bose dollar Money Market ETF Fund. Money market funds are known for their low risk and high liquidity, and are powerful tools for cash management. Bose International successfully achieved a combination of traditional robustness and on-chain flexibility through advanced blockchain technology, which not only retains the stability of traditional money funds, but also gives it the flexibility of digital assets. Compared with traditional money market funds, this product improves transparency and operational efficiency through blockchain technology. Investors can directly hold high-quality money market tools through tokens to meet their asset allocation and risk management needs. Whether DeFi investors seeking a balance of returns or virtual asset investors are fighting market volatility in stages, Boshi Monetization Money Market Fund will become a "return stabilizer" for on-chain investors.

Through the collaborative operation of the entire Web3 ecosystem, HashKey Group provides the product with comprehensive tokenized solutions and full-link technical support, ensuring seamless connection from technology to operation. During the tokenization process of product, HashKey Tokenisation provides the product with the full process of tokenization issuance design and execution; the product is then deployed in the public chain HashKey Chain, the preferred public chain of financial institutions and RWA assets, and relies on HashKey's NexaToken service to achieve on-chain assets security management. In the future, HashKey Exchange, the largest licensed virtual asset trading platform in Hong Kong, will provide distribution and custody services through the upcoming financial management channel.

China Merchants Yonglong Trust Co., Ltd. and Bank of China International UK Prudential Trust Co., Ltd. serve as the custodians and administrative managers of the Bose Hong Kong Dollar Money Market ETF Fund and the Bose USD Money Market ETF Fund respectively. They provide administrative management for the fund, including fund transfer registration, accounting valuation and other services, providing indispensable and important support for the issuance of tokenized shares of products.

"Boosing money market ETFs through blockchain technology is a key step for traditional finance to embrace Web3," said Dr. Xiao Feng, Chairman and CEO of HashKey Group. "As an important bridge connecting traditional finance and crypto finance, HashKey Group has established a complete Web3 financial infrastructure. Under the current compliant market trend, we expect more traditional financial institutions to actively enter the crypto finance field through innovative tokenized products. This will not only promote the development of the crypto financial market, but also promote the integration of blockchain technology with the mainstream financial system, creating lasting investment value for institutional and individual investors."

As a discoverer of investment value, Bose International has always been committed to providing professional and comprehensive asset management services to various institutions and individual investors at home and abroad. Bose International’s important strategies are to help financial inclusiveness with financial innovation and empower investor services with financial technology. Ms. Lian Shaodong, Chairman and CEO of Bose International, said: "This issuance is another masterpiece in the Web3 field after our virtual asset spot ETFs. We hope to create value for investors. As a leading asset management institution in Hong Kong, we attach great importance to innovation in the financial field and constantly explore changes in business models with technological progress. We also pay close attention to the investment preferences and demands of on-chain investors and Generation Z investors. In the future, we will further summarize the experience of this project, apply blockchain technology to more products, and provide investors with more investment choices and better investment experience."

Mr. Luo Lihua, CEO of BOCI International UK Prudential Trust, said: "BOC Prudential Trust, as the leading tokenized fund custodian, relies on blockchain technology to assist in transfer registration services and promote the industry to a new era of digitalization. As the digital asset ecosystem becomes increasingly mature, we will focus on providing efficient settlement services to create a more transparent, fast and convenient service experience for investors and lead the value upgrade of the fund administrative service industry."

About HashKey Group

HashKey Group is Asia's leading digital asset financial services group with global layout.

Since 2018, HashKey Group has built a global Web3 ecosystem covering Hong Kong, Singapore, Japan, Bermuda and other places within a regulatory framework of high compliance standards, including: HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong, HashKey Global, the virtual asset exchange in Hong Kong, HashKey Capital, a global asset management agency focusing on investing in blockchain technology and digital assets, HashKey OTC, which provides compliant digital asset over-the-counter trading services, HashKey Cloud, the world's leading Web3 infrastructure provider, and HashKey Tokenisation, a tokenization service agency. HashKey Group also has a rich on-chain ecosystem, has developed Ethereum L2 HashKey Chain, and launched the HashKey Eco-Coin HSK.

HashKey Group will continue to promote the feasibility of large-scale application of blockchain technology in multiple fields, providing trustworthy and accessible digital asset services to billions of users around the world.

Note : As of January 15, 2025, it ranked 7th in the Coingecko global exchange ranking, making it the highest-ranked Hong Kong licensed virtual asset exchange.

Disclaimer: https://group.hashkey.com/disclaimer-group/blank-1

About Bose International

Bose International is one of the first Chinese fund companies to carry out asset management business in Hong Kong. Since its establishment, Bose International has seized the opportunity of global asset allocation, adhered to the concept of value investment, and formed a comprehensive product line based on stable fixed income investment, covering active equity, passive index and other products, and actively established partnerships with other international companies to provide global investors with two-way and cross-border asset management services. Bose International serves customers in core financial regions such as the United States, Europe, South Korea, Singapore, and Hong Kong. After 15 years of hard work in Hong Kong, Bose International has become one of the largest Chinese asset management companies in Hong Kong.

About China Merchants Yonglong Trust Co., Ltd. ("China Merchants

Yonglong Trust")

China Merchants Yonglong Trust is a wholly-owned subsidiary of China Merchants Yonglong Bank. China Merchants Wing Lung Bank is a licensed bank registered in Hong Kong. It was formerly known as Wing Lung Bank, which means "forever prosperity". It was established in Hong Kong on February 25, 1933. It is one of the oldest Chinese banks in Hong Kong. It was successfully acquired by China Merchants Bank in 2008, officially became a wholly-owned subsidiary of China Merchants Bank in 2009, and was officially renamed China Merchants Yonglong Bank in 2018. China Merchants Wing Lung Bank and its subsidiaries hold bank, insurance, securities, trust and asset management licenses, adhere to customer-centricity, provide diversified products and services, and have influence and competitiveness in the market.

China Merchants Wing Lung Trust was issued a Class 13 regulated activity license issued by the Hong Kong Securities Regulatory Commission in 2024 (providing custody services for related collective investment plans). Among the wholly-owned subsidiaries of Mainland China and Hong Kong Joint Stock Bank, China Merchants Winglong Trust is the only institution that obtains this license and can provide professional services such as asset custody, fund administration, transfer agency, etc. to Hong Kong public funds, Hong Kong private funds, Cayman private funds, asset management accounts and various cross-border products.

About BOCI International UK Prudential Trust

Bank of China Prudential Trust has more than 20 years of trust management experience, mainly providing trust and administrative, custody, as well as transfer agency and registration services for fund and retirement guarantee plans. As of the end of December 2024, Bank of China Prudential Trust, as the trustee and custodian of Hong Kong's mainstream pension plan, managed MPF assets of over HK$95 billion and had approximately 900,000 MPF accounts within the plan.

In the third quarter of 2024, the Hong Kong Monetary Authority jointly launched the "Project Ensemble" sandbox test to explore the interbank interbank access to tokenized mutual funds and other virtual assets through wCBDC. Bank of China Prudential Trust has deeply participated in the design and construction of asset tokenization technology, and has successfully tokenized money funds as the identity of fund transfer registrant and administrative manager, and has verified the full process of fund tokenization, demonstrating the standardization ability of digital asset securities services. This sandbox cooperation not only consolidates the industry leadership of BOC Prudential in serving clients such as fund companies, securities companies and asset management institutions, but also promotes us to expand our service boundaries - in the future, it will cover multiple digital assets such as stablecoins, and extend to other wider institutional investors to continue to meet market innovation needs.