Standard Chartered Bank (Hong Kong) Limited announced its support for China Asset Management (Hong Kong) Limited, ChinaAMC (HK)on 13 February 2025, during the launch of the first Asia Pacific tokenised retail money market fund.
The fund, expected to launch by the end of February 2025, will use Standard Chartered Trustee (Hong Kong) Limited as the Open-Ended Fund Company custodian.
The tokenised retail fund leverages Libeara, a tokenization platform incubated by SC Ventures, to enable comprehensive tokenization services. These include fiduciary, fund administration, custody, and cash services.
Mary Huen, CEO, Hong Kong and Greater China & North Asia, Standard Chartered, said:
“We are pleased to strategically combine our strengths in traditional custody services and innovative fintech capabilities to support ChinaAMC (HK) in launching the first tokenised retail money market fund in Asia Pacific in the near future, marking another milestone in the development of Hong Kong as a global digital assets hub. ”
Tian Gan, CEO of ChinaAMC (HK), added:
“Leveraging Standard Chartered’s cutting-edge custody services and groundbreaking tokenization platform, we have successfully facilitated the efficient issuance of this tokenised money fund. Through this partnership, we aspire to assist Hong Kong in establishing a hub for digital finance, while simultaneously providing technologically-enabled innovative financial products to investors.”
ChinaAMC (HK) is one of the first mainland Chinese fund managers licensed to conduct asset management in Hong Kong and a pioneer in Renminbi Qualified Foreign Institutional Investor funds, now including this Asia Pacific tokenised retail fund in its list.
Standard Chartered Bank (Hong Kong) Limited operates as a licensed bank in Hong Kong and is a wholly owned subsidiary of Standard Chartered PLC. The bank is one of the three note-issuing banks in Hong Kong, with a history in the region dating back to 1859.
Standard Chartered PLC is an international banking group listed on the London and Hong Kong stock exchanges. It operates across 52 markets globally, providing banking and financial services globally.
