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The UK Treasury has released a new report advocating for fund tokenization, while a report supported by the UK government encourages firms to implement tokenization strategies. Banking powerhouse HSBC has introduced a blockchain-based real-world asset, specifically a tokenized gold product, targeted at retail investors in Hong Kong. The move is part of Hong Kong's efforts to establish itself as a prominent location for securities tokenization.
Banking giant HSBC has become the first bank to issue a blockchain-based real-world asset with the launch of its new tokenized gold investment product https://t.co/IU06lx5iNb
Hong Kong wants to become an international center for digital assets to bolster its status as a financial hub. Banking giant HSBC’s launch of a tokenized gold product is the latest step in the strategy. https://t.co/dVH2BOtjr4
UK Treasury Publishes Report Encouraging Firms To Explore Tokenization One area of exploration is the tokenization of fund units, while some asset managers are interested in investing funds in tokenized securities. This could lead to the creation of composable funds and greater…
