Standard Chartered Bank  Limited is pleased to announce that it is supporting China Asset Management (Hong Kong) Limited  to launch the first tokenised retail money market fund in Asia Pacific  tentatively by the end of February as its digital asset service provider, with Standard  Chartered Trustee (Hong Kong) Limited acting as the Open-Ended Fund Company  custodian for the fund. 

Capitalising on the advanced technology of Libeara, an SC Ventures incubated tokenisation  platform, Standard Chartered collaborates with ChinaAMC (HK) to build an ecosystem for its  tokenised money market fund, with a comprehensive suite of securities services and  technology solutions to enable tokenisation of the fund, 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. Standard Chartered believes that  digital assets are fundamentally transforming the ecosystem of the financial markets. We are  dedicated to meeting our clients’ needs in seizing the current huge opportunities.”  

Tian Gan, CEO of ChinaAMC (HK), said, “We are delighted to collaborate with Standard  Chartered on this significant product launch. Standard Chartered’s dedication to innovation  and advancement in the realm of Web 3.0 aligns seamlessly with the strategic vision of China 

Asset Management (Hong Kong). Leveraging Standard Chartered’s cutting-edge custody  services and groundbreaking tokenisation 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.” 

Margaret Harwood-Jones, Global Head of Financing & Securities Services, Standard  Chartered, said: “This is another testimony of how our award-winning custody and fund  administration services enable clients to unlock rising new opportunities. And this is just the  beginning of an important journey. With our digital asset custody services already launched in  the UAE in the Middle East and Luxembourg in Europe, we are keen to support more  institutional clients worldwide to access the fast-growing digital asset ecosystem.” 

ChinaAMC (HK) is one of the first mainland Chinese fund management companies licensed to  conduct asset management business in Hong Kong and one of the first Renminbi Qualified  Foreign Institutional Investor fund managers.