ChinaAMC Launches First Tokenized Fund in RMB, Expanding Asia’s Digital Asset Offerings

China Asset Management (Hong Kong) has introduced two new tokenized money market funds (MMFs) denominated in USD and RMB, marking a significant milestone in Asia's digital finance landscape. The RMB Digital Money Market Fund is the world's first tokenized fund dominated in Chinese yuan, complementing the firm's existing HKD-denominated product.

The suite of funds positions ChinaAMC as the first Asian asset manager to offer tokenized MMFs across three major currencies. These regulated on-chain instruments promise enhanced efficiency, transparency, and accessibility through both traditional financial channels and VIRTUAL asset trading platforms.

Tokenization is reshaping fund distribution, with demand expected to grow alongside the maturation of stablecoins, CBDCs, and other regulated blockchain-based monetary instruments. The MOVE signals accelerating institutional adoption of blockchain technology in traditional finance.