Hang Seng Investment to Launch Gold ETF on Hong Kong Stock Exchange

Hang Seng Investment has announced the launch of its gold exchange-traded fund, 'Hang Seng Gold ETF,' which is set to be listed on the Hong Kong Stock Exchange this Thursday, January 29. According to Odaily, the ETF will feature tokenized non-listed fund units, with HSBC serving as the tokenization agent. Initially, Ethereum will be used as the primary blockchain, although other public blockchains with equivalent security resilience and distributed ledger technology may be considered in the future. Fund unit holders will be able to subscribe or redeem tokenized fund units through qualified distributors.