PANews reported on July 22 that Futu Group announced a long-term strategic cooperation with Huaxia Fund (Hong Kong) in Web3.0, with both parties aiming to promote deep integration of traditional finance and blockchain technology.
Futu, as an exclusive technology securities firm, will launch a series of tokenized money market fund products from Huaxia Fund on its Futu Niuiu App, covering three major currencies: Hong Kong dollar, RMB, and US dollar. Through Futu's licensed Virtual Asset Trading Platform (VATP), it will provide compliant 7x24 flexible income investment solutions for investors and cryptocurrency holders. In the future, both parties will explore "on-chain" and "off-chain" dual-track redemption mechanisms and all-day chain trading.
Huaxia Fund (Hong Kong) has previously launched the world's most comprehensive tokenized money market fund series, including the Asia-Pacific region's first tokenized fund for retail investors and the world's first RMB-denominated tokenized fund, while also issuing Asia's first batch of virtual asset spot ETFs. Futu Group holds multiple virtual asset-related licenses and provides trading services including cryptocurrency spot, futures, and ETF trading in multiple global markets.
