#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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China AMC Launches 'First' Retail Tokenized Fund in APAC
China Asset Management has launched the first retail tokenized fund in the Asia Pacifi (APAC) region.
Broadening Investor Base
The Hong Kong investment firm China Asset Management recently launched a tokenized fund known as the China AMC HKD Digital Money Market Fund. The fund, which primarily invests in Hong Kong dollar (HKD)-denominated short-term deposits and money market instruments, is the first retail tokenized fund in the APAC region.
According to a statement, the fund will be available through eligible distributors, including traditional brokers, banks and licensed virtual asset trading platforms. This is said to broaden the base of investors and align with Hong Kong’s evolving digital asset landscape. Remarking on the launch, Tian Gan, CEO of China AMC, said:
Wholly owned by China Asset Management Co. Ltd., the fund has been actively exploring investment opportunities in blockchain and decentralized finance (DeFi) technologies.
Meanwhile, Mary Huen, CEO of Standard Chartered in Hong Kong and greater China and North Asia, said her bank is happy to help China AMC bring a pioneering investment product to the market. She also emphasized that Standard Chartered is eager to ‘help clients seize the opportunities in the fast-growing digital asset markets while accelerating the development of Hong Kong into a leading global digital assets hub.’
Senior executives at OSL and Solomon JFZ (Asia) Holdings Ltd., some of the first distributors chosen by China AMC, commended the launch and vowed to play their part in accelerating the adoption of tokenized investment solutions in the region.