On March 25, CPIC Investment Management, a Hong Kong subsidiary of China Pacific Insurance (CPIC), announced the launch of a USD money market fund (MMF) based on HashKey Chain, which received subscriptions of $100 million on its first day and is open to professional and institutional investors. The fund invests in short-term fixed-income assets and monetary market instruments denominated in USD, with PAC providing token issuance services and Standard Chartered Bank responsible for registration and fund management.
China Pacific Insurance's Hong Kong subsidiary launches $100 million RWA fund
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