Hong Kong SFC Approves Secondary Trading For ChinaAMC Tokenized Money Funds

The Securities and Futures Commission (SFC) of Hong Kong has approved secondary market trading for two ChinaAMC tokenized money market funds through PantherTrade , a trading platform. This marks the first approval of its kind for tokenized public funds in the territory. The products, identified as CUMFU-USD and CAMFF-HKD , represent full or fractional shares in funds denominated in US dollars and Hong Kong dollars. Both began trading on October 15 and are available to retail and institutional investors. The authorization allows investors to buy and sell fund shares outside regular trading hours , including evenings and weekends. However, prices will depend on supply and demand and may therefore differ from the funds’ net asset values.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.