HashKey Exchange adds new asset classes to Earn Channel, debuting tokenized money market funds

tradersunion.com2 min read
HashKey Exchange adds new asset classes to Earn Channel, debuting tokenized money market funds
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HashKey Exchange has expanded its Earn Channel to include eight distinct products, headlined by the introduction of two new tokenized money market funds, GUSDT and GHKDT. These funds are managed by Guotai Junan Asset Management (Asia) Limited and provide exposure to USD and HKD assets respectively. The products are accessible to both retail and professional investors with a low entry barrier of 10 units for subscriptions. Settlement cycles are generally set at T+1, though they may extend to T+7 depending on fund manager confirmation and external factors like Hong Kong weather. While the platform charges no subscription fees, a 0.1% redemption fee applies to these tokenized offerings. Crucially, these assets remain restricted to the HashKey ecosystem and cannot be transferred to external on-chain DeFi wallets. This development signifies a growing trend of traditional financial institutions leveraging tokenization to offer regulated money market instruments to a broader investor base. By integrating these funds into a centralized exchange, HashKey is bridging the gap between traditional asset management and digital asset platforms.

Key points

  • HashKey launched GUSDT and GHKDT money market funds managed by Guotai Junan.
  • Minimum subscription for both tokenized funds is set at 10 USD or HKD.
  • Redemption fees are fixed at 0.1% with no initial subscription charges.
  • Tokenized funds are currently restricted from on-chain transfers to external DeFi wallets.

Background

HashKey Exchange is a licensed digital asset exchange based in Hong Kong that provides regulated trading services for both retail and professional investors. It operates under the oversight of the Securities and Futures Commission (SFC) to ensure compliance with local financial regulations. The platform supports fiat-to-crypto transactions and integrates traditional financial products with digital asset infrastructure.

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