Futu has reached a Web3.0 strategic cooperation with Huaxia Fund in Hong Kong and will launch a series of tokenization currency fund products.

PANews July 22 news, Futu Group announced a long-term strategic cooperation with Huaxia Fund (Hong Kong) to jointly promote the deep integration of TradFi and Blockchain technology. Futu will launch a series of tokenized currency fund products from China Asset Management on its Futu NiuNiu App as an exclusive technology brokerage, covering three major currencies: Hong Kong Dollar, Renminbi, and US Dollar. It will also provide investors and cryptocurrency holders with a compliant 24/7 flexible interest income investment solution through Futu’s licensed Virtual Asset Trading Platform (VATP). In the future, both parties will explore an “on-chain” and “off-chain” dual-track subscription and redemption mechanism as well as all-weather on-chain trading. Huaxia Fund (Hong Kong) has previously launched the world’s most comprehensive series of tokenized currency funds, including the first tokenized fund for retail investors in the Asia-Pacific region and the world’s first tokenized fund denominated in RMB, as well as issuing Asia’s first virtual asset spot ETFs. Futu Group holds multiple licenses related to virtual assets and provides trading services including cryptocurrency spot, futures, ETFs, and more in various global markets.