TechFlow, November 24 — According to the Hong Kong Business Daily, Vincent Leung, Global Head of Financial Services and Technology and Sustainability at Invest Hong Kong, said recently that banks have received tokenized deposits from securities firms and successfully subscribed to tokenized money market funds issued by fund companies. The emergence of tokenized funds signifies the asset management industry's evolution from "2.0" to "3.0". He believes that in ten years, tokenized funds will be as prevalent as today's ETFs.
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