PANews reported on June 3 that OSL Group (863.HK), a global stablecoin payment and trading platform, announced today that it has become the exclusive distributor of the first money market fund tokenized product issued by CSOP Asset Management, Hong Kong's largest ETF issuer, and signed a memorandum of understanding with CSOP.

This product is a tokenized, unlisted class of the "CSOP Hong Kong Dollar Money Market ETF" (3053.HK), primarily investing in Hong Kong dollar-denominated short-term deposits and high-quality money market instruments. Investors can directly hold fund units through tokens, and direct subscription and redemption are supported. OSL is the exclusive distributor for the next six months, and HSBC is the tokenization agent, trustee, and transfer agent for this product.

Kevin Cui, Executive Director and CEO of OSL Group, said, “The launch of this product further enriches OSL’s product portfolio for its clients and once again demonstrates Hong Kong’s enormous potential in fostering a tokenized ecosystem. Leveraging OSL’s unique strengths in digital asset distribution and liquidity, we are delighted to partner with CSOP Asset Management and HSBC to open up broader investment channels for tokenized assets for investors. Our collaboration with CSOP is not just about launching a product, but also about exploring new opportunities together and bringing more innovative products to the market.”