TechFlow reports on March 10 that HashKey Chain has announced the total assets of its on-chain MMF (money market fund) have surpassed $10 million, with two overseas funds successfully deployed.
HashKey Chain will provide substantial subsidies for the TVL associated with on-chain MMFs, incentivizing more traditional financial assets—such as money market funds, index ETFs, gold ETFs, equity funds, hedge funds, and bonds—to leverage blockchain technology for digital asset management. Over the next year, more than 10 funds and bond products are expected to go live on-chain, enabling subscriptions and redemptions directly on the blockchain, with a minimum subscription/redemption amount of $100,000. These on-chain funds enable efficient asset management through blockchain technology, offering institutional investors diverse on-chain investment options while also providing retail users opportunities to participate in asset management.
On-chain MMF subscriptions, redemptions, and trading will use HSK as the gas fee, and interactive on-chain fund products will support HSK trading pairs, enhancing HSK’s utility within the ecosystem.
