The popularity of stablecoins remains high, and fund subsidiaries are actively trying them out

According to reporters, in the ecosystem of stablecoins, some public fund subsidiaries in Hong Kong are intensively preparing. Huaxia Fund (Hong Kong) has participated in the stablecoin sandbox testing, covering key aspects such as the issuance of stablecoins, payments, asset docking, and fund subscriptions and redemptions. Additionally, some fund subsidiaries are expanding their talent pool for virtual asset businesses, responsible for the design and issuance of virtual asset-related products, and building the product framework for virtual assets and stablecoins. Previously, several fund subsidiaries had already entered the digital asset field, launching Bitcoin ETFs, Ethereum ETFs, and tokenized money market funds aimed at retail clients. (China Securities Journal)