Hang Seng Investment, one of Hong Kong’s asset managers, recently debuted its physical gold-pegged exchange traded fund (ETF).
The ”Hang Seng Gold ETF” was launched on January 29 on the Hong Kong Stock Exchange under the ticker “03170.”
The new fund has a conventional approach as well as a tokenized class of units.
Hang Seng Gold ETF Records 9% Boost
The new Hang Seng Gold ETF tracks the LBMA Gold Price AM while holding bullion stashed in designated vaults in Hong Kong, per the product disclosures.
It features a tokenized share class issued on Ethereum
ETH
$2 906
24h volatility:
3.8%
Market cap:
$351.62 B
Vol. 24h:
$23.60 B
with the possibility of extending to other public blockchains in the near future.
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