PANews reported on July 22 that Futu Group announced a long-term strategic cooperation with Huaxia Fund (Hong Kong) for Web3.0, and the two parties will jointly promote the deep integration of traditional finance and blockchain technology.
Futu will act as an exclusive technology brokerage, launching a series of tokenized currency fund products from Huaxia Fund on its Futu Niuniu App, covering three major currencies: Hong Kong Dollar, RMB, and USD. It will also provide investors and cryptocurrency holders with compliant 7x24 flexible interest income investment solutions through Futu's licensed virtual asset trading platform (VATP). In the future, both parties will explore a dual-track redemption mechanism of 'on-chain' and 'off-chain' as well as all-weather on-chain trading.
Huaxia Fund (Hong Kong) has previously launched the world's most comprehensive tokenized currency fund series, including the first tokenized fund for retail investors in the Asia-Pacific region and the world's first tokenized fund denominated in RMB. It has also issued Asia's first batch of spot ETFs for virtual assets. Futu Group holds multiple licenses related to virtual assets and provides trading services for cryptocurrencies, futures, ETFs, and more in various global markets.
