#OSL
1 article tagged #OSL — curated RWA tokenization coverage.
Global X ETFs, Citi and OSL Launch Hong Kong's First Tokenized Covered Call ETF
Mirae Asset Global Investments (Hong Kong) has launched a tokenized unit class for its Global X HSCEI Covered Call Active ETF, marking the first such product in the Hong Kong market. This initiative, executed in collaboration with Citi and OSL Group, allows investors to hold fund units on a blockchain network to improve operational efficiency and transparency. Citi provides trustee, custody, and transfer agency services, while OSL utilizes its Tokenworks platform to manage the tokenization process under the oversight of the Securities and Futures Commission. The ETF, which references the Hang Seng China Enterprises Index, aims to provide monthly income distributions to both institutional and retail investors. By moving from strategy innovation to infrastructure innovation, the project aligns with the Hong Kong government's policy to foster digital asset development. This launch demonstrates how traditional financial institutions are integrating blockchain technology to streamline fund administration and settlement processes. The move signifies a broader trend of institutional adoption of tokenization to enhance the accessibility and management of regulated investment products.