Hang Seng and HSBC team up for gold on the blockchain! Hong Kong's 2,000-ton reserve to be on-chain for financial applications
Hong Kong Hang Seng Investment announced on Monday that its gold ETF will issue tokenized fund units based on Ethereum, with HSBC serving as the tokenization agent. This marks the transition of Hong Kong's RWA strategy from concept to implementation. Deputy Financial Secretary Wong Wai-lun revealed that Hong Kong aims to expand gold reserves to 2,000 tons within three years and establish a central clearing system, inviting the Shanghai Gold Exchange to participate in building a complete on-chain financial ecosystem.
ETH5,23%
MarketWhisper·01-28 05:19
