Hong Kong approves world's first secondary trading of tokenised public funds

On October 26, 2026, the Hong Kong Securities and Futures Commission approved the world's first secondary trading of tokenised public funds on licensed virtual asset trading platforms. The move allows around-the-clock trading, including weekends and holidays, for the HKD and USD versions of the ChinaAMC Digital Money Market Fund. To support the initiative, regulators plan to leverage Project Ensemble to connect tokenised deposits with trading platforms for real-time settlement.

Hong Kong approves secondary trading of tokenised funds

• ▪Investors can trade the Hong Kong dollar and US dollar versions of the ChinaAMC Digital Money Market Fund on a Securities and Futures Commission-licensed virtual asset trading platform.
• ▪Katie He, head of strategic business at China Asset Management (Hong Kong), stated that 24/7 fund availability provides retail investors with an upgrade in time sovereignty over fund management.
• ▪Hong Kong regulatory approvals for 24-hour tokenised money market fund secondary trading aim to broaden secondary-market infrastructure for the tokenised finance sector.
• ▪Secondary trading approval for the ChinaAMC Digital Money Market Fund reinforces Hong Kong's initiative to build the region's leading ecosystem for tokenised finance.
• ▪The Hong Kong Securities and Futures Commission approved secondary market trading of tokenised public funds on licensed virtual asset trading platforms
• ▪Hong Kong permitted tokenised money market funds to be bought and sold 24 hours a day, including weekends and public holidays, on licensed virtual asset exchanges.

Project Ensemble to connect deposits and trading

• ▪The Securities and Futures Commission and the Hong Kong Monetary Authority plan to use Project Ensemble to connect tokenised deposits with asset trading.
• ▪Hong Kong authorities plan to use Project Ensemble to streamline tokenised asset trading and settlement to enable real-time transfers of proceeds from asset sales.