• Most comprehensive suite of tokenized MMFs in Asia, covering three major currencies.
• Demand for tokenized funds is likely to rise as regulated on-chain money – such as stablecoins, tokenized deposits, and CBDCs projects materialize
• The MMFs will be available through not only traditional qualified brokers and banks but also VATPs.
• ChinaAMC RMB Digital Money Market Fund is world’s first-ever tokenized fund dominated in RMB.

China Asset Management (Hong Kong) announced the launch of two new tokenized money market funds (“MMFs”) denominated in USD and RMB, complementing its existing HKD Digital Money Market Fund. Notably, ChinaAMC RMB Digital Money Market Fund stands out as the world’s first-ever tokenized fund dominated in RMB1 .

This milestone establishes ChinaAMC (HK) as the first asset manager in Asia to offer such a comprehensive suite of tokenized money market funds across three major currencies. Building on the success of the HKD Digital Money Market Fund, which received approval from the SFC in February this year as the first retail tokenized fund in APAC, the three funds constitute a suite of efficient, compliant on-chain yield generation instruments, offering multiple advantages including enhanced value creation, greater transparency, and streamlined transaction processing.

Tokenized money market funds are crucial for their potential to broaden distribution to a wider investor base. The funds will be distributed through not only traditional qualified brokers and banks but also Hong Kong-regulated Virtual Asset Trading Platforms (VATPs), reaching a broader base of investors and aligning with the evolving digital asset landscape.

The launch comes as tokenized MMFs are emerging as one of the fastest-growing digital asset classes, with projections estimating the market could reach USD 400 billion by 2030. 2 We’ve seen growing investor demand for on-chain yield generation instruments, particularly from virtual asset owners (i.e., crypto holders). Over the coming period, we expect demand to continue rising, especially when regulated on-chain money (such as regulated stablecoins), tokenized deposits, and central bank digital currencies (CBDCs) become more prevalent.

Tian Gan, CEO of ChinaAMC (HK) commented: “We are extremely proud to have driven this major achievement in the development of future decentralized finance — an ecosystem built on a basket of blockchain-based solutions. This achievement underscores ChinaAMC (HK)’s commitment to innovation and the broader adoption of asset tokenization in the Web3.0 world. It is our aim to develop practical approaches that promote capital efficiency and bring value to our clients. We are excited to engage with partners to help establish compliant practices for on-chain capital and envision bringing more tokenized investment strategies for the benefit of investors.”

Jerry Zhang, Global Co-Head of Financial Institutions Coverage, Standard Chartered, said, “Standard Chartered is pleased to support ChinaAMC (HK) in launching two new tokenized money market funds denominated in USD and RMB, extending the success of the tokenized HKD money market fund that we also supported for its launch earlier this year. Once again, it has demonstrated Standard Chartered’s exceptional strengths in combining traditional custody services and innovative fintech capabilities to meet our clients’ evolving needs amidst the rapid growth of digital assets market.”

Matthew Chan, Head of Product and Investment Solutions, CITIC Securities Brokerage (HK) said, “As a mature overseas wealth management platform, CITIC Securities Wealth Management Hong Kong is pleased to see our sister company, ChinaAMC (HK), launching a tripartite tokenized Money Market Fund (MMF), notably the world’s first tokenized fund denominated in RMB. We believe that such products, when combined with stablecoins and the digital RMB, will promote financial innovation and support the internationalization of the RMB.

Tokenized products offer a new avenue for asset allocation beyond traditional offerings. We are confident that, with the future introduction of regulated stablecoins, this segment will become a lucrative frontier for wealth management firms. We look forward to collaborating to help investors seize the opportunities of the digital economy era.”

Steve Zeng, Managing Director at Futu Group, said, “Futu has obtained both the uplifted Type 1 license and the Virtual Asset Trading Platform (VATP) license. These strengthen our position in traditional finance and help us build a more competitive ecosystem, enabling us to offer more comprehensive and cutting-edge financial services. We look forward to exploring innovative cooperation models with ChinaAMC (HK) in the future, such as tokenized fund distribution through on-chain and traditional channels. The industry’s progress in asset tokenization and blockchain technology has illuminated promising applications for RWA tokenization and increased market interest in digital assets. As a leading fintech company deeply rooted in Hong Kong, Futu will leverage its brand influence and extensive user base to promote Web3.0 ecosystem development.”

Jeffery Tong, Chief Product Officer of Finloop under Fosun Wealth Holdings, said: “Finloop is committed to advancing the tokenization of real-world assets (RWA) and actively supports the issuance of RWA products. Through strategic distribution partnerships, we seek to enhance market diversity and maturity, while delivering tailored solutions to meet the evolving needs of a broad client base.”

Ken Lam, Head of Wealth Management at Guotai Junan International, stated: “ChinaAMC (HK)’s launch of tokenized funds marks a new chapter in Hong Kong’s tokenization development. Guotai Junan International received confirmation from the Securities and Futures Commission (SFC) in May 2025 on advising on the distribution of tokenized securities, and received uplift of its existing dealings in securities license in June to provide virtual asset trading services for clients, actively expanding its digital asset ecosystem. As the distribution partner for ChinaAMC (Hong Kong)’s tokenized money market funds, Guotai Junan International will continue advancing on the deep integration of traditional finance with digital assets, accelerating its presence in the RWA (Real World Assets) space, promoting financial product diversification, and offering investors with more comprehensive wealth management services. ”

Eugene Cheung, Chief Commercial Officer, OSL, said: “The launch of ChinaAMC (HK)’s USD and RMB tokenized money market funds marks a pivotal moment in the evolution of digital finance. As a regulated distributor, OSL is proud to play a key role in bridging traditional asset management with the growing demand for secure, compliant on-chain investment products. Tokenized MMFs provide a gateway for both institutions and digital asset investors to access regulated yield opportunities with the efficiency and transparency of blockchain. We believe this is only the beginning—as regulated digital money gains traction, the future of capital markets will be increasingly on-chain.”

Ben Cheng, Chief Operation Officer of Solomon, said: “Today’s launch represents a quantum leap for Hong Kong’s digital asset ecosystem. As an SFC-licensed bridge between traditional finance and Web3, Solomon recognizes the transformative power of ChinaAMC (HK)’s multicurrency tokenized MMF suite. This isn’t just product innovation—it’s the blueprint for how institutional capital will flow in the tokenized future.”

Source: ChinaAMC (HK)