CoinScoopBlackRock Receives Approval for Tokenized Fund in Hong Kong
BlackRock has received approval from the Securities and Futures Commission (SFC) in Hong Kong for its BlackRock HKD Digital Liquidity Fund. This marks the firm's first tokenized product in Hong Kong and the APAC region. The fund, which invests in high-quality, short-term Hong Kong dollar-denominated financial instruments, will be available to both retail and institutional investors. It will support subscriptions and redemptions via the HKDAP stablecoin, issued by Anchorpoint Financial, a joint venture involving Standard Chartered Hong Kong, HKT, and Animoca Brands.
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