Distributed by GF Securities (Hong Kong) Brokerage and Hash Blockchain, the first tokenised short-term asset-backed liquidity notes in Hong Kong SAR aim to replicate a constant net asset value open-ended investment fund.

Cinda International Asset Management has debuted Hong Kong SAR’s first transferable tokenised repackaging notes on the Ethereum blockchain. These tokenised notes were short-term asset-backed liquidity note (STBL) tokens backed by a portfolio of AAA-rated money market funds. In essence, the product mimics a constant net asset value open-ended investment fund -   Chin-Chong Liew, Linklaters While the issuer was a bankruptcy-remote orphan special purpose vehicle (SPV), a &ldquo