{"id":23228,"date":"2026-07-15T09:29:52","date_gmt":"2026-07-15T09:29:52","guid":{"rendered":"https:\/\/jobuzo.com\/en\/hong-kong-steps-up-its-crypto-hub-challenge-with-tokenised-fund\/"},"modified":"2026-07-15T09:29:52","modified_gmt":"2026-07-15T09:29:52","slug":"hong-kong-steps-up-its-crypto-hub-challenge-with-tokenised-fund","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/hong-kong-steps-up-its-crypto-hub-challenge-with-tokenised-fund\/","title":{"rendered":"Hong Kong steps up its crypto hub challenge with tokenised fund"},"content":{"rendered":"
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Hong Kong has approved its first “digitally native” tokenised fund, allowing professional investors to hold direct ownership of the underlying assets on a public blockchain, issuer Baillie Gifford says, as the city steps up its challenge to the US as a global crypto hub<\/span>.<\/div>\n

The British fund manager said on Wednesday it had received approval from the Securities and Futures Commission to launch the Baillie Gifford Enhanced Yield Fund (BAGEY) – an actively managed portfolio of short-duration government and corporate bonds.<\/p>\n

However, the SFC told the South China Morning Post that it would not offer comment on individual cases.<\/p>\n

Tokenisation turns traditional investment products into blockchain-based digital tokens that represent their ownership. Proponents of the technology tout its benefits including 24\/7 instant settlement and wider investor access through fractional ownership.<\/p>\n

Most tokenised funds currently use a so-called “digital twin” model, which records legal ownership in a traditional ledger and mirrors the holdings on a blockchain. This means the tokens do not provide investors with direct exposure to the underlying assets.<\/p>\n

In contrast, “digitally native” tokenised funds such as BAGEY use the public blockchain as the official record of ownership, giving token holders full legal rights to the underlying assets.<\/p>\n<\/div>\n

Hong Kong steps up its crypto hub challenge with tokenised fund<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong has approved its first “digitally native” tokenised fund, allowing professional investors to hold direct ownership of the underlying assets on a public blockchain, issuer Baillie Gifford says, as the city steps up its challenge to the US as a global crypto hub. The British fund manager said on Wednesday it had received approval…<\/p>\n

Read More “Hong Kong steps up its crypto hub challenge with tokenised fund”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":23229,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/23228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=23228"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/23228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/23229"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=23228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=23228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=23228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}