Standard Chartered supports ChinaAMC (HK) 13 February 2025Hong Kong Reporter: Clelia Frondaroli
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Standard Chartered is supporting China Asset Management (ChinaAMC), Hong Kong, to launch the first tokenised retail money market fund in Asia Pacific.
The fund, which is expected to be launched by the end of February, will have ChinaAMC (HK) as its digital asset provider and Standard Chartered Trustee (Hong Kong) acting as the open-ended fund company custodian.
The bank will also provide a range of securities services and technologies solutions to better enable the tokenisation of the fund, along with fiduciary, fund administration, and cash services.
Mary Huen, CEO of Hong Kong and greater China & North Asia at Standard Chartered, says:“We are pleased to strategically combine our strengths in traditional custody services and innovative fintech capabilities to support ChinaAMC (HK) in launching the first tokenised retail money market fund in Asia Pacific in the near future, marking another milestone in the development of Hong Kong as a global digital assets hub.”
CEO of ChinaAMC (HK), Tian Gan, adds: “Through this partnership, we aspire to assist Hong Kong in establishing a hub for digital finance, while simultaneously providing technologically-enabled innovative financial products to investors.”
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