Written by: OSL Group
The global stablecoin payment and trading platform OSL Group (863.HK) announced today that it has become the exclusive distributor of the first tokenized money market fund product from the largest ETF issuer in Hong Kong, Southern Eastern Asset Management Limited (“Southern Eastern”), and has signed a memorandum of understanding with Southern Eastern.
Executives from Southern Eastern, HSBC, and OSL Group attended the press conference for Southern Eastern's first tokenized product and the memorandum signing ceremony for the Southern Eastern x OSL Group collaboration. Front row (from left to right): Southern Eastern CEO Ding Chen, OSL Group Executive Director and CEO Kevin Cui; Back row (from left to right): Southern Eastern Vice President and Chief Marketing Officer He Xian, HSBC Hong Kong CEO Wu Yangyu, OSL Group Chief Business Officer Eugene Cheung
The product is a tokenized non-listed class of the “Southern Eastern Hong Kong Dollar Money Market ETF” (stock code: 3053.HK), primarily investing in short-term deposits and high-quality money market instruments denominated in Hong Kong dollars, aimed at achieving stable Hong Kong dollar returns that are in line with prevailing money market interest rates. Investors can hold fund shares of the product directly through tokens, and subscribe and redeem via OSL's licensed digital asset trading platform in Hong Kong.
As the exclusive distributor for the next six months, OSL will support the launch and distribution of this tokenized non-listed class, further expanding digital asset distribution channels beyond traditional eligible banks and brokerages. In this collaboration, Southern Eastern is responsible for product issuance and asset management, while HSBC acts as the tokenization agent, trustee, and transfer agent, providing essential financial infrastructure support for tokenized issuance.
OSL Group Executive Director and CEO Kevin Cui stated: “The launch of this product further enriches the portfolio of offerings we provide to our clients and once again demonstrates Hong Kong's vast potential in cultivating a tokenized ecosystem. With OSL's unique advantages in digital asset distribution and liquidity, we are pleased to partner with Southern Eastern and HSBC to broaden investment channels for tokenized assets for investors. Our collaboration with Southern Eastern is not just about launching a product, but we look forward to exploring new opportunities together with our partners to bring more innovative products to the market.”
This tripartite cooperation marks an important step in the development of Hong Kong's tokenization ecosystem. Through HSBC's financial infrastructure and tokenization services, combined with OSL's advantages in digital asset distribution, liquidity, and compliance platforms, traditional money market funds from Southern Eastern can achieve compliant issuance and asset management on the blockchain while reaching a broader “on-chain” customer base.
In recent years, the demand for tokenized assets has rapidly increased. Research reports indicate that the global asset tokenization market is expected to reach $130.67 trillion by 2035, with a compound annual growth rate of 45.83% from 2026 to 2035. Among them, the tokenization of financial assets is in a phase of rapid evolution.
This product combines traditional money market funds with the blockchain ecosystem, providing investors with a new choice for convenient, flexible, and transparent “on-chain” yields. Through the tokenization form, the product can achieve complete recording and traceability of asset ownership as well as subscription and redemption activities, enhancing settlement efficiency and transparency.
Looking ahead, OSL will continue to leverage our core advantages in licensed compliance and long-term structured strategic layout, working alongside Southern Eastern, HSBC, and more industry-leading partners to deepen the development of the tokenization and stablecoin ecosystem, while providing solid innovative results to explore a long-term development path for the entire industry, and jointly build a more prosperous Hong Kong digital asset ecosystem.
Disclaimer: Please be aware that OSL does not provide services to residents of mainland China. Accessing OSL's products or services requires further identity verification and must comply with the compliance standards set by OSL. The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views or positions of OSL Group Limited or its affiliates. Any forecasts and opinions contained herein are meant solely as general market commentary, do not constitute securities or investment offers, nor do they constitute an invitation to offer, advice, investment opinions, or guarantees of returns. The information, forecasts, and opinions contained herein are as of the date of this article, subject to change without notice, and should not be considered as any investment product or market advice.
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