Tokenized Fund Subscription Completed in Hong Kong Pilot Project

According to Foresight News, Huaxia Fund (Hong Kong) Co., Ltd. has successfully completed a tokenized fund subscription in a real-world application scenario under the Hong Kong Monetary Authority's Ensemble project pilot. This initiative was carried out in collaboration with Bank of China Hong Kong, Futu Securities, and Standard Chartered Hong Kong. The commercial pilot achieved an end-to-end transaction process. It began with Futu initiating a tokenized deposit interbank transfer from Bank of China Hong Kong to Standard Chartered Hong Kong, culminating in the successful subscription to a tokenized money market fund under Huaxia Fund (Hong Kong). Standard Chartered Hong Kong is responsible for the custody of the fund shares. The entire process was seamlessly settled within the Hong Kong Monetary Authority's Ensemble[TX] pilot environment. The Ensemble project has now entered its pilot phase, aiming to facilitate tokenized deposits and real-value digital asset transactions.