TechFlow News, January 27: According to Aastocks, Hang Seng Investment announced the launch of a new gold exchange-traded fund (ETF), “Hang Seng Gold ETF,” expected to list on the Hong Kong Stock Exchange this Thursday (January 29). This ETF holds physical gold, with all gold bars stored in designated vaults located in Hong Kong. The fund also plans to introduce a tokenized, non-listed class of fund units, with HSBC serving as the tokenization agent. Initially, Ethereum will be used as the primary blockchain; however, other public blockchains featuring equivalent security resilience and distributed ledger technology may be adopted in the future. Eligible distributors will enable fund unit holders to subscribe to or redeem tokenized fund units in token form.
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