Hong Kong has launched a $107 million digital investment fund on the Ethereum blockchain, marking a significant step in the region's financial innovation. The fund, known as the Huaxia Fund, is the first tokenized money market fund aimed at retail investors in the Asia-Pacific region. This initiative is part of a broader trend to bridge traditional finance with digital assets, as evidenced by the recent launch of the ChinaAMC HKD Digital Money Market Fund by China Asset Management, which also focuses on HKD-denominated short-term deposits and money market instruments.