Catenaa, Tuesday, April 08, 2025-CPIC Investment Management Hong Kong (CPICIMHK) has launched the city’s first tokenized USD money market fund, marking a milestone in blockchain finance.
Dubbed CPIC Estable MMF, the private fund digitizes shares on the blockchain for transparent ownership tracking. The fund debuted with an initial $100 million subscription on the HashKey Chain, signaling strong institutional demand.
Standard Chartered Bank will provide custody and administration, while blockchain firm PAC powers the tokenization framework. CPICIMHK says the launch underscores growing regulatory clarity and institutional interest in tokenized assets.
CEO CG Zhou called tokenization a “certain path forward” for finance, emphasizing its role in Web3 evolution. The initiative aligns with Hong Kong’s push to expand its virtual asset market.
