Pada 20 April, pada hari pembukaan Hong Kong Web3 Carnival 2026 ๐ , sebuah berita yang lebih meyakinkan daripada pidato mana pun terdengar dari lokasi ๐ขโโ Hang Seng Investment, HSBC, dan HashKey Exchange bekerja sama ๐ค, secara resmi meluncurkan 'Kategori Non-Publik ETF Emas Tokenisasi Hang Seng', dengan kode perdagangan HSGLD.
Ini bukan konsep dalam PPT ๐, bukan pengujian dalam sandbox ๐งช. Ini adalah produk tokenisasi ETF emas yang didukung fisik pertama di Hong Kong ๐ฅ, sepenuhnya mematuhi peraturan perdagangan dan kustodial di Hong Kong ๐, mulai hari ini resmi diluncurkan di saluran investasi HashKey Exchange โ .
Di festival, CEO grup bisnis HashKey, Zhu Haiyang, memberikan pidato utama yang berfokus pada tiga kata kunci: RWA, pembayaran, dan konektivitas Asia ๐ค, mengumumkan berita ini. Suaranya datar, tetapi informasi yang disampaikan sangat besar ๐โโ Hang Seng bertanggung jawab atas penerbitan, HSBC mengambil peran sebagai agen tokenisasi, pedagang emas, kustodian emas, trustee, dan agen transfer dalam lima peran kunci ๐, HashKey bertanggung jawab untuk distribusi ๐.
Three institutions, a complete collaboration chain for tokenized assets, debuted simultaneously today ๐ฌ.
Breaking it down: three institutions, one chainโthe structure of this product is very clear ๐. Hang Seng Investment, as the issuer, manages the Hang Seng Gold ETF, which was listed on the Hong Kong Stock Exchange on January 29 this year ๐ , making it the first gold ETF in Hong Kong that allows physical gold redemption through banks ๐ฆ. As of April 15, the asset management scale of the listed category has approached 1.3 billion HKD ๐ฐ. The newly launched tokenized non-listed category extends the investment channel of the same underlying assets from traditional distribution to the chain โ๏ธ.
HSBC's role is the most significant ๐ช. It encompasses five roles: tokenization agent, gold trader, gold custodian, trustee, and transfer agent ๐ง. In other words, the entire chainโfrom token issuance, gold trading, asset custody, to legal trusteeship and transferโis completed by HSBC alone ๐ข. This is not a simple outsourcing collaboration, but HSBC has moved the entire set of traditional financial custody and clearing capabilities onto the chain ๐.
Suvir Loomba, head of HSBC Securities Services Asia, stated directly ๐ฌ: 'By combining our digital asset capabilities, reliable custody infrastructure, and professional product knowledge, we enable more investors to participate in gold investment in Hong Kong in a safe and efficient manner.' HashKey Exchange's role is distributionโputting this tokenized gold ETF on licensed digital asset platforms ๐ for qualified investors.
Zheng Shimin, director of HashKey Exchange, remarked ๐ฌ: 'Gold is one of the most mature and widely recognized underlying assets globally. It has always played an important role in portfolio construction, especially in an environment of increased market volatility.'
Huang Jinfeng, Managing Director and CEO of Hang Seng Investment Management, summarized it more directly ๐ฏ: 'Extending the investment of products from traditional distribution channels to on-chain investors provides them with an additional compliant investment choice.
Why gold? Choosing gold as the underlying asset for the first tokenized ETF ๐ฅ is not a coincidence. Gold is the most mature and widely recognized underlying asset in the world ๐, with deep liquidity, transparent pricing, and clear regulatory paths.
Using gold to run through the entire process of 'traditional assets โ tokenization โ on-chain distribution' ๐ค๏ธ has the lowest trial and error cost and the strongest demonstration effect ๐ก. More importantly, the tokenized non-listed category of the gold ETF provides investors with an additional compliant way for on-chain allocation โ .
No need to exchange fiat currency for USDT and then buy tokenized gold on the chain ๐ฑ. You can complete this directly through the compliant channels of licensed platforms. Once this path is established ๐, the assets that can be brought in afterwards will increaseโbonds ๐, stocks ๐, REITs ๐๏ธ, private equity fund shares ๐ผ, can all be put on the chain through the same pipeline โ๏ธ.
Huang Jinfeng's statement also confirms this ๐ฌ: 'Support the Hong Kong financial market to further evolve towards digitization and internationalization. We will continue to contribute to developing Hong Kong into an international gold trading hub ๐ญ๐ฐ.
Not just the gold ETF: Zhu Haiyang also mentioned that HashKey Exchange's actions today go beyond just listing HSGLD. Zhu Haiyang revealed three noteworthy things during his speech ๐:
First, HashKey has received approval from the Hong Kong Monetary Authority โ and will jointly issue Asia's first real co-branded Visa credit card with Shanghai Commercial Bank ๐ณ, available for registration on May 11. The feature of this card is that cardholders can choose to repay in digital assets or fiat currency ๐ฐ, without incurring high conversion fees for digital assets; 2% cashback on Hong Kong spending ๐, and 4% cashback on overseas spending. When compliant stablecoin payments and traditional credit cards are integrated, the consumption scenarios for digital assets will no longer be limited to on-chain ๐.
Second, Zhu Haiyang pointed out industry trends ๐ that DTCC has received no objections from the SEC regarding the involvement of tokenized asset custody and settlement ๐ฆ, Kraken has become the first crypto institution to access the Federal Reserve's FedWire ๐, and Mastercard has acquired UK blockchain payment company BVNK for $1.8 billion ๐ธ. Three signals point in the same directionโtraditional financial infrastructure is accelerating its access to the digital asset track ๐.
Third, in terms of Asian layout ๐, HashKey officially announced investment in the Vietnamese market on April 10 ๐ป๐ณ, and will jointly invest with OKX in one of Vietnam's largest commercial banks, VPBank, to help it become one of the first licensed exchanges. It has also signed memoranda of understanding with leading Asian institutions such as Coins.ph in the Philippines, Indodex in Indonesia, Hata in Malaysia, and Bitazza in Thailand ๐, exploring liquidity and tokenized distribution cooperation ๐ค.
Chen Maobo's 'game changer' had its first sample just a few hours agoโฐ. The Financial Secretary, Chen Maobo, referred to the integration of Web3 and AI as a 'game changer' during his opening speech at the carnival ๐ฎ. He also revealed that Hong Kong has issued two stablecoin issuer licenses this month ๐ซ, and the total issuance scale of tokenized green and infrastructure bonds has exceeded 2 billion USD ๐ต.
Chen Maobo set the tone for the carnival opening: the integration of Web3 and AI is a 'game changer'! Three major challenges were clearly outlined, from stablecoin licensing to tokenized bonds, and now to today's tokenized gold ETFโthe digital asset infrastructure in Hong Kong is being laid out product by product ๐ค๏ธ.
The 'game changer' mentioned by Chen Maobo has its first tangible sample today โ.
The significance of the collaboration chain of Hang Seng + HSBC + HashKey lies not in the scale of HSGLD itself ๐, but in that it verifies one thing: traditional financial institutions (Hang Seng, HSBC) and licensed digital asset platforms (HashKey) can collaborate seamlessly within a compliant framework ๐ค, moving real assets onto the chain โ๏ธ. Once this paradigm is established, more assets and institutions will follow ๐.
RWA has taken its first step from concept to product in Hong Kong today ๐ช.#้ฆๆธฏRWA #RWA่ต้
