AsianFin — China Asset Management Co. (Hong Kong), also known as ChinaAMC (HK), has launched two tokenized money market funds — the ChinaAMC USD Digital Currency Fund and the ChinaAMC RMB Digital Currency Fund. The RMB-denominated fund marks the world’s first tokenized fund based in Chinese yuan.

While the underlying assets of these tokenized funds remain consistent with traditional money market funds — including bonds and money market instruments — the key innovation lies in ownership structure and transaction mechanism. Unlike conventional funds where investor shares are registered centrally by fund managers, tokenized funds issue blockchain-based digital tokens that can be verified in real time on-chain.

In addition to conventional subscription and redemption channels through banks, brokers, and third-party platforms, investors can also access the tokenized funds via regulated virtual asset trading platforms, expanding the accessibility and flexibility of fund transactions.