09:04
Futu has reached a Web3.0 strategic cooperation with Huaxia Fund in Hong Kong and will launch a series of tokenization currency fund products.
PANews July 22 news, Futu Group announced a long-term strategic cooperation with Huaxia Fund (Hong Kong) in Web3.0, and both parties will jointly promote the deep integration of TradFi and Blockchain technology.
Futu will launch a series of tokenized currency fund products from Huaxia Fund on its Futu NiuNiu App as an exclusive technology brokerage, covering three major currencies: Hong Kong Dollar, Renminbi, and US Dollar. It will also provide compliant 24/7 flexible interest investment solutions for investors and cryptocurrency holders through Futu's licensed Virtual Asset Trading Platform (VATP). In the future, both parties will explore a dual-track subscription and redemption mechanism "on-chain" and "off-chain" as well as all-weather on-chain trading.
Huaxia Fund (Hong Kong) has previously launched the world's most comprehensive series of tokenized currency funds, including the first tokenized fund for retail investors in the Asia-Pacific region and the world's first tokenized fund denominated in Renminbi, while also issuing Asia's first batch of virtual asset spot ETFs.
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