OSL Digital Securities, a regulated digital asset platform under Hong Kong-listed OSL Group, and China Asset Management (Hong Kong) (ChinaAMC) have launched a tokenized fund for retail investors.

Pending regulatory approval, the tokenized fund will be the first of its kind in Hong Kong, marking a significant step towards the wider adoption of virtual assets.

The initiative was launched under the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, which aims to test tokenization use cases.

"Our involvement in this significant initiative, alongside ChinaAMC, underscores OSL's commitment to driving innovation and adoption of virtual assets. We believe retail participation is crucial to the development of virtual assets and we are keen to be a key driver in promoting the development of the tokenization market in Hong Kong and beyond," says Gary Tiu, head of regulatory affairs at OSL.

Thomas Zhu, head of digital assets and family office business at ChinaAMC (HK), adds: "This initiative represents not just an opportunity for us and our partners, but a significant milestone in making digital investment solutions accessible to a wider audience."