Foresight News reports that Futu Group has reached a long-term strategic cooperation with Huaxia Fund (Hong Kong) for Web 3.0, aiming to promote the deep integration of traditional finance and blockchain technology.

Futu will act as the exclusive tech brokerage, launching a series of tokenized currency fund products from Huaxia Fund on its Futu NiuNiu App, covering three major currencies: Hong Kong Dollar, Renminbi, and US Dollar. It will also provide compliant 24/7 flexible interest investment options for investors and cryptocurrency holders through Futu's licensed virtual asset trading platform (VATP). In the future, both parties will explore a dual-track redemption mechanism for 'on-chain' and 'off-chain' transactions, as well as all-weather on-chain trading.

Huaxia Fund (Hong Kong) has previously launched the world's most comprehensive series of tokenized currency funds, including the first tokenized fund for retail investors in the Asia-Pacific region and the world's first tokenized fund priced in Renminbi. It has also issued Asia's first spot ETFs for virtual assets. Futu Group holds multiple licenses related to virtual assets and provides trading services including cryptocurrency spot, futures, and ETFs in various global markets.