In a significant development for the financial sector in Hong Kong, Harvest International, a renowned asset management company, has made headlines by launching the city’s first tokenized fund. The announcement was made public on December 28, 2023, following the fund’s successful filing with Hong Kong regulators in November of the same year.
This pioneering fund is exclusive to professional investors, focusing on high-rated US bonds. The management of the offering is under the expertise of Harvest Fund’s Hong Kong subsidiary, Harvest International Asset Management. Notably, the fund’s tokenization solutions are provided by Meta Lab HK, highlighting a blend of traditional finance with cutting-edge technology.
The collaboration between Harvest International Asset Management and Meta Lab HK for tokenizing a fund product was previously reported by Foresight News. The notification to Hong Kong’s securities regulatory authority had also been completed, marking a significant step in this innovative journey.
This move by Harvest International not only signifies the growing acceptance and integration of blockchain technology in mainstream finance but also positions Hong Kong as a forward-thinking hub in the financial world.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.