Daily Observation of the Cryptocurrency Industry: Hong Kong Launches the First Compliant Stablecoin Redemption Tokenized Fund, OSL, Huaxia Fund, and Standard Chartered Connect to Close the RWA Liquidity Loop

Business Breakthrough: The First Regulated Hong Kong Dollar Stablecoin Settlement Tokenized Fund Launched in Hong Kong

Amid the active promotion of a stablecoin licensing system and the wave of financial asset tokenization in Hong Kong, the on-chain channel for institutional funds has officially opened.

In this innovative case, the regulated Hong Kong dollar stablecoin HKDAP issued by Anchor Point Financial Technology Limited has been officially introduced into the mainstream public asset management system. Investors can directly use HKDAP to complete the entire process of subscription and redemption for the digital currency market fund units under China Asset Management (Hong Kong) by opening a trading account at OSL Group's licensed exchange OSL HK. This marks the first time that a locally regulated fiat currency stablecoin has been used as a real fund settlement vehicle, achieving a commercial closed loop throughout its entire lifecycle in the traditional asset management tokenization scenario.

Structural Collaboration: Licensed Exchange, Top Public Fund, and Multinational Bank Build a "Iron Triangle"

The successful implementation of this case relies on a highly specialized and clearly defined financial infrastructure division of labor system:

• OSL HK (Trading and Settlement Hub): As the core trading and liquidity infrastructure, OSL HK provides full support for the subscription matching, real-time trading, and clearing settlement between the HKDAP funding side and the fund product token (Token) for this innovative pilot;

• China Asset Management (Hong Kong) (Asset Issuer): Provides a digital currency market fund product with robust liquidity management, promoting the upgrade of traditional fund products to programmable on-chain assets;

• Standard Chartered Bank (Compliance Custodian and Tokenization Agent): Fully leverages the credit endorsement of a century-old multinational commercial bank, serving as the independent asset custodian for both the digital token and the underlying fund units in the project, while also acting as the Tokenization Agent, ensuring institutional-level security standards from the perspectives of fund isolation and legal rights confirmation.

Scenario Adaptation: The Natural Symbiotic Logic of Regulated Stablecoins and Tokenized Funds

Regarding this business launch, Kevin Cui, Executive Director and CEO of OSL Group, clearly pointed out that tokenized funds are one of the exemplars of the organic combination of traditional finance and digital assets, and they represent a potential application scenario that is naturally compatible with regulated stablecoins.

Under the traditional financial framework, the subscription and redemption of money market funds are constrained by bank operating hours and the batch processing delays of traditional large-value clearing systems, often resulting in friction in the interbank fund transfer cycle. The introduction of compliant stablecoins as the on-chain cash leg not only endows fund transactions with 24/7 instant atomic settlement capabilities, eliminating counterparty risk, but also opens up more flexible and efficient fund liquidity management and digital asset allocation channels for institutional clients.

Hong Kong's Web3 Financial Infrastructure Enters the "Full-Stack Commercial" Deep Water Zone

In light of the digital financial landscape in Hong Kong in late September, this inaugural case marks that Hong Kong's exploration in the field of tokenization has completely surpassed the proof-of-concept stage. From merely issuing tokenized green bonds to now facilitating "regulated stablecoin instant trading of tokenized public funds," Hong Kong is building a complete financial new infrastructure ecosystem led by licensed institutions, with fiat stablecoin clearing and custody by foreign banks. With the benchmark structure represented by OSL, China Asset Management, and Standard Chartered Bank taking shape, Hong Kong is accelerating its transformation into a global hub for the deep intersection of compliant funds and tokenized financial assets.

Data Source: https://bbx.com/ Cryptocurrency Concept Stock Information Database, compiled based on global listed company announcements and SEC/TSE disclosure documents from yesterday.