OSL Group has announced its role as the exclusive distributor for CSOP Asset Management's first tokenized money market fund product. This collaboration involves a tokenized, unlisted class of the "CSOP Hong Kong Dollar Money Market ETF," which focuses on short-term deposits and high-quality money market instruments denominated in Hong Kong dollars. Investors can directly hold fund units via tokens, with direct subscription and redemption options available. OSL will serve as the exclusive distributor for six months, while HSBC acts as the tokenization agent, trustee, and transfer agent.
Kevin Cui, CEO of OSL Group, highlighted the significance of this launch in enhancing OSL's product offerings and showcasing Hong Kong's potential in the tokenized ecosystem. The partnership with CSOP and HSBC aims to broaden investment channels for tokenized assets, marking a step forward in bringing innovative financial products to the market.
OSL to Exclusively Distribute CSOP's Tokenized Money Market Fund
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