CSOP launches tokenised MMF offering 05 June 2026Hong Kong Reporter: Matthew Challis
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CSOP Asset Management has partnered with HSBC to launch its inaugural money market ETF unlisted tokenised class.
HSBC acts as the tokenisation agent, trustee, and registrar for the ETF, also providing core infrastructure support for the tokenised issuance, and is said to be the first time it is supporting a money market fund (MMF) in Hong Kong with its full digital asset services.
CSOP has also entered a Memorandum of Understanding (MoU) with OSL, a digital asset and fintech platform, to collaborate exclusively in the onboarding process for a period of six months.
The ETF’s introduction will allow investment in CSOP’s Hong Kong dollar MMF via digital tokens for the first time, according to the firm.
CSOP says the fund invests predominantly in HKD-denominated short-term deposits and high-quality money market instruments, intended to make a return in line with money market rates.
Speaking on the collaboration, Ding Chen, CEO of CSOP, says: “Combining HSBC's exceptional tokenisation services, CSOP's strength in asset management, and OSL's expertise in the virtual asset space, we will unlock more opportunities for onchain tokenised assets for both local and international investors, addressing diverse market demands.”
Maggie Ng, CEO, HSBC Hong Kong, adds: “Through HSBC's fund tokenisation services, we're bringing ETF shares onchain and enabling fractionalisation — a meaningful step towards widening access by lowering the entry point to invest.”
Kevin Cui, executive director and CEO of OSL Group, comments: “The listing of this fund further enriches OSL's product offerings for our clients and reaffirms Hong Kong's potential to foster a vibrant tokenised ecosystem.”
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