Huaxia Fund Completes First HKD Stablecoin Investment in Digital Assets with Standard Chartered, OSL
SingTao · 2 SOURCESabout 1 hour ago1 MIN
Summary
Huaxia Fund (Hong Kong) announced on Friday that it has completed Hong Kong's first use case of employing a regulated Hong Kong dollar stablecoin to invest in digital assets. The landmark transaction, conducted in partnership with Standard Chartered Bank and OSL Group, demonstrates how compliant stablecoins can integrate with digital financial assets within a regulated framework, offering investors more diverse investment options.
Key Points
- HKDAP, a Hong Kong dollar stablecoin issued by DingDian Finance with Standard Chartered Bank (Hong Kong) as the lead founder, was used for the transaction
- The stablecoin facilitated subscription and redemption of Huaxia Fund (Hong Kong)'s digital currency market fund units through OSL HK, a licensed virtual asset trading platform
- Standard Chartered Bank served as custodian for tokens and fund units, as well as tokenization agent for this application
- Huaxia Digital Currency Market Fund, launched in 2025, has grown to over HK$5.8 billion across HKD, USD, and RMB currency series
- The fund is available on multiple Hong Kong licensed virtual asset trading platforms and broker channels
Why It Matters
This use case showcases how blockchain technology can enhance capital liquidity and settlement efficiency in wealth management, with potential for 24/7 trading that allows investors to subscribe and redeem even during non-banking hours and holidays .
This use case showcases how blockchain technology can enhance capital liquidity and settlement efficiency in wealth management, with potential for 24/7 trading that allows investors to subscribe and redeem even during non-banking hours and holidays .