Standard Chartered Bank (Hong Kong) Limited today announced its partnership with China Asset Management (Hong Kong) Limited (ChinaAMC (HK)) to launch the first tokenised retail money market fund in the Asia Pacific region, with a tentative launch by the end of February. The bank, Standard Chartered will act as the digital asset service provider for the fund, offering a comprehensive suite of services, including tokenisation, fund administration, custody, and cash services.

Standard Chartered Partnership with China Asset Management (HK)

Also, the fund will be by Standard Chartered Trustee (Hong Kong), which will serve as the Open-Ended Fund Company (OEFC) custodian. The tokenisation process will be by Libeara, an innovative platform incubated by SC Ventures, which specialises in transforming traditional financial products into digital assets.

Mary Huen, CEO of Hong Kong and Greater China & North Asia at Standard Chartered, expressed excitement about the collaboration, stating, “We are happy to combine our traditional custody expertise with cutting-edge fintech capabilities to support ChinaAMC (HK). This launch marks a significant milestone in the development of Hong Kong as a global digital assets hub. Digital assets are reshaping financial markets, and we are happy to help our clients seize these emerging opportunities.”

Moreover, Tian Gan, CEO of ChinaAMC (HK), highlighted the strategic alignment between the two companies, saying, “This collaboration with Standard Chartered supports our vision of driving innovation in Web 3.0 and expanding Hong Kong’s digital finance ecosystem. By leveraging their advanced custody services and tokenisation platform, we are able to launch a groundbreaking product for investors.”

Also, Margaret Harwood-Jones, Global Head of Financing & Securities Services at Standard Chartered, added, “This project demonstrates how our award-winning services enable clients to access new opportunities in the digital asset space. With services already launched in the UAE and Luxembourg, we are eager to expand our global digital asset offerings.”

So, ChinaAMC (HK) is a key player in the asset management industry and one of the first fund managers licensed for the Renminbi Qualified Foreign Institutional Investor (RQFII) business in Hong Kong.

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