Hong Kong Securities and Futures Commission report: Token fund AUM reaches 736 million, virtual asset ETF market capitalization rises by 95%

[Hong Kong Securities and Futures Commission 2024-25 Annual Report: As of the end of March, the AUM of three tokenized money market funds reached HK$736 million] The Hong Kong Securities and Futures Commission released the "2024-25 Annual Report", which pointed out: As of May, The cumulative net inflow of Southbound Hong Kong Stock Connect exceeded HK$4.35 trillion, and the Hong Kong Securities and Futures Commission (SFC) last quarter recognized the first three tokenized money market funds in the Asia-Pacific region that allow retail investment, taking an important step towards the large-scale development of the tokenized market, with the total assets under management of these funds reaching HK$736 million as of the end of March. In terms of virtual assets, the Hong Kong Securities and Futures Commission (SFC) launched the "ASPIRe" roadmap earlier this year to promote the development of Hong Kong's virtual asset ecosystem, and subsequently allowed two virtual asset ETFs to pledge (ETF), a first in the Asia-Pacific region. At the same time, the total market capitalisation of the six Hong Kong-listed virtual asset spot ETFs has surged by 95% since their launch in April last year, and the average daily turnover has increased by 16%. The number of licence applications approved by the SFC jumped 20% year-on-year, with 11 virtual asset trading platforms having been licensed.