China Pacific Insurance launches tokenized dollar fund on HashKey Chain, hits $100 million in subscriptions on first day
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China Pacific Insurance launches tokenized dollar fund on HashKey Chain, hits $100 million in subscriptions on first day
By empowering asset liquidity and application scenarios through compliance-friendliness, security, reliability, high performance with low cost, and a robust on-chain DeFi ecosystem, HashKey Chain is fully driving the digital transformation of global finance.
Navigating Web3 tides with focused insightsHashKey Chain announced that the tokenized U.S. dollar money market fund "CPIC Estable MMF," initiated and managed by China Pacific Investment Management Co., Ltd. (Hong Kong) ("CPIC Investment Management (HK)"), has been successfully deployed on HashKey Chain, achieving a subscription volume of $100 million USD on its first day of operation. This on-chain launch enhances HashKey Chain’s activity in the traditional institutional DeFi space and further solidifies its position as the leading public blockchain for traditional finance and RWA assets. By offering compliance-friendly, secure, trustworthy, high-performance, low-cost infrastructure and a robust on-chain DeFi ecosystem to empower asset liquidity and use cases, HashKey Chain is fully driving the digital transformation of global finance.
Efficient, Low-Cost, and Compliant On-Chain Finance
Through its deployment on HashKey Chain, CPIC Estable MMF provides institutional investors with transparent and efficient digital asset allocation tools. HashKey Chain's high-performance architecture significantly reduces both technical and ongoing operational costs for institutions launching products on-chain, while ensuring top-tier security. Currently, the network's gas fee is less than $0.001 per transaction, enabling institutions to manage liquid assets with exceptional efficiency.
Dr. Feng Xiao, Chairman and CEO of HashKey Group, said: "The essence of finance lies in the movement of value across time and space, and blockchain represents a new foundational infrastructure for this process. The CPIC Estable MMF leverages tokenization to enable on-chain management of fund shares, marking a deep integration between traditional finance and blockchain technology. As a compliance-friendly blockchain solution, HashKey Chain provides an efficient and transparent environment for such innovation, ensuring stability and liquidity of assets on-chain. HashKey Chain will continue enhancing cross-chain interoperability and smart contract capabilities, providing compliant and efficient infrastructure support for more institutional-grade financial products, accelerating the global financial market’s transition toward digitization and intelligence."
Compliance-Friendly Public Chain Empowering Traditional Finance Evolution
CPIC Investment Management (HK), a subsidiary of China Pacific Insurance Group, is the initiator and manager of CPIC Estable MMF, with thePAC serving as its tokenization issuance platform. Standard Chartered Bank provides custody, registrar, and fund administration services. According to the product summary, the fund is available exclusively to professional investors and will invest in short-term fixed-income securities and high-quality U.S. dollar-denominated money market instruments.
CG Zhou, CEO of CPIC Investment Management (HK), said: "Web3 isn’t created out of thin air—it requires step-by-step construction. Integration with traditional finance is one of the most important—and most certain—directions for Web3’s future development. The launch of this tokenized U.S. dollar money market fund marks a milestone step for CPIC Asset Management Hong Kong in this direction. Going forward, we will fully leverage our strengths as a premier traditional financial asset manager, utilize RWA technology to tokenize more traditional assets, and rely on compliance-friendly public blockchains like HashKey Chain to bring high-quality, income-generating real-world assets into the Web3 ecosystem."
Leo Zhu, Head of Tokenization Ecosystem for the project, said: "The current RWA ecosystem is undergoing exponential growth, and each successfully launched project adds new nodes to this value network. Together with HashKey Chain, we are committed to building an on-ramp bridge connecting on-chain liquidity pools with off-chain assets, using smart contract-driven liquidity mechanisms to move capital and assets toward higher efficiency. Realizing this vision requires collaborative efforts from HashKey Chain and multiple stakeholders. We welcome asset issuers, managers, and global capital providers to join us in co-innovation."
HashKey Chain will continue deep collaboration with leading global financial institutions and compliant Web3 projects to launch more innovative financial products under the "compliant infrastructure + on-chain finance" model, focusing on areas such as MMFs and stablecoins within the RWA sector, delivering efficient and transparent on-chain asset management solutions for global investors.
About HashKey Chain
HashKey Chain is the preferred public blockchain for financial institutions and RWA asset tokenization, dedicated to advancing the compliance and scalability of onchain finance. As a compliance-friendly blockchain infrastructure, HashKey Chain offers institutions a secure and transparent on-chain environment.
Leveraging a secure and reliable technical architecture, HashKey Chain inherits Ethereum’s decentralized security while optimizing performance to enhance transaction efficiency, ensuring stability and traceability of on-chain assets. Additionally, HashKey Chain employs a high-performance, low-cost model, offering ultra-low gas fees and high throughput, enabling efficient circulation of financial assets such as MMFs, bonds, funds, and stablecoins, significantly reducing institutional operating costs on blockchain.
HashKey Chain is actively partnering with leading global financial institutions and compliant Web3 projects to deliver optimal solutions for institutional DeFi, RWA tokenization, and stablecoin settlement, accelerating the digital and intelligent transformation of the global financial system.
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