HashKey Group and Cinda International Asset Management collaborate to launch the first STBL project issued by a Hong Kong financial institution

Foresight News announced that HashKey Group has partnered with Cinda International Asset Management to launch the first short-term asset-backed liquidity token STBL issued by a Hong Kong financial institution. HashKey Exchange will serve as the initial distributor of the STBL issued by Cinda International Asset Management. In the future, Cinda International Asset Management also plans to expand the STBL issuance to HashKey Chain and introduce an incentive mechanism to expand the investor base. The underlying assets of STBL are AAA-rated money market fund (MMF) investment portfolios. Each STBL has a face value of $1 and can be transferred 24/7, with daily accrued interest automatically distributed to professional investor wallets in the form of newly issued tokens on the monthly distribution date. Cinda International Asset Management will serve as the STBL manager, NVT will provide blockchain operation services as the blockchain agent for STBL, and offer technical support for the blockchain issuance of STBL. GF Securities (Hong Kong) Brokerage Limited and HashKey Exchange will act as the initial distributors of STBL.