China Asset Management (Hong Kong) launches two tokenized money market funds, unveiling the world’s first RMB tokenized fund
According to ChainCatcher, China Asset Management (Hong Kong) has launched two tokenized money market funds: the ChinaAMC USD Digital Currency Fund and the ChinaAMC RMB Digital Currency Fund, denominated in US dollars and RMB respectively. The ChinaAMC RMB Digital Currency Fund is the world’s first RMB-denominated tokenized fund. Tokenized funds exist in the form of blockchain-based digital tokens, allowing for real-time on-chain verification. In addition to traditional channels such as banks, brokerages, and third-party institutions, subscriptions and redemptions can also be conducted on compliant virtual asset trading platforms.
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