PANews reported on March 10 that according to official news, HashKey Chain announced that the total assets of its on-chain MMF (money market fund) have exceeded 10 million US dollars, and two overseas funds have successfully completed the deployment.

HashKey Chain will provide high subsidies for the TVL of MMFs on the chain, encouraging more traditional financial assets such as money funds, index ETFs, gold ETFs, stock funds, hedge funds and bonds to be managed digitally through blockchain technology. It is expected that more than 10 funds and bond products will be on the chain within a year. Such funds can be redeemed on the chain, with a minimum redemption amount of US$100,000. These funds can achieve efficient asset management through on-chain technology, providing institutional investors with a variety of on-chain asset options, and also providing opportunities for ordinary users to participate in asset management.

The subscription, redemption and trading of MMF on the chain will use HSK as the gas fee. The interactive fund products on the chain will support HSK trading currency pairs, enhancing the application value of HSK in the ecosystem.