Hang Seng Gold ETF to issue tokenized fund units based on Ethereum
Hang Seng Investments announced the launch of the Hang Seng Gold ETF, a gold exchange-traded fund, expected to list on the Hong Kong Stock Exchange this Thursday (January 29). The ETF will feature tokenized unlisted fund units, with HSBC acting as the tokenization agent. Initially, Ethereum will be used as the primary blockchain, but other public blockchains with equivalent security, resilience, and distributed ledger technology may be adopted in the future. Fund unit holders can subscribe to or redeem tokenized fund units through qualified distributors. (Aastocks)
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