According to Foresight News, a memorandum of understanding (MoU) has been signed between Layer1 public blockchain platform Zetrix Foundation, digital services company MY E.G. Services Berhad (MYEG), and MaiCapital, a licensed virtual asset management company based in Hong Kong. The MoU outlines plans to jointly launch a virtual asset fund or a Hong Kong virtual asset ETF product.
The focus of the MoU is on the collaborative issuance of a Hong Kong Securities and Futures Commission (SFC) approved ETF. This ETF will include a basket of cryptocurrencies, such as Bitcoin and Zetrix, along with other potentially suitable cryptocurrencies.