Hong Kong Launches World's First 24/7 Secondary Trading for Tokenized Money Market Funds

Key Facts

1Hong Kong's SFC approved secondary-market trading of tokenized money market funds on licensed virtual asset platforms.

2Two tokenized money market funds have already commenced trading without time restrictions, a global first.

Hong Kong's Securities and Futures Commission (SFC) approved secondary-market trading of tokenized money market funds on licensed virtual asset platforms. Two tokenized money market funds have already commenced trading without time restrictions, marking a global first according to bloomingbit.

The initiative aims to streamline the process from trading to settlement and expand secondary-market infrastructure through projects such as Project Ensemble. Hong Kong authorities are working to strengthen links between trading infrastructure and settlement systems to enable real-time transfers of proceeds from tokenized asset sales.