Hong Kong Subsidiaries of Public Funds Prepare for Stablecoin Integration

According to BlockBeats, some Hong Kong subsidiaries of public funds are actively preparing for stablecoin integration within their ecosystems. Among these, China Asset Management Co., Ltd. (Hua Xia Fund) is participating in a stablecoin sandbox test, which includes aspects such as issuance, payment, asset connection, and fund redemption. Hua Xia Fund has stated its intention to continue launching more tokenized fund products. The company aims to facilitate secondary circulation of tokenized funds on compliant trading platforms and explore the use of digital currencies, such as stablecoins and digital Hong Kong dollars, for settlement. This initiative is expected to enhance the efficiency of on-chain fund transactions.