Hang Seng and HSBC launch Hong Kong’s first tokenised unlisted gold ETF class

The tokenised unlisted class will be available on HashKey Exchange

Hang Seng Investment Management Limited and HSBC have jointly launched the Hang Seng Gold ETF Tokenised Unlisted Class, a new tokenised class of a gold exchange traded fund (ETF).

The new offering, issued by Hang Seng Investment and making use of HSBC’s tokenisation service, is said to be Hong Kong’s first tokenised unlisted class for a physically backed gold ETF.

The tokenised unlisted class will be available on HashKey Exchange, a virtual asset trading platform, at an initial price of US$10 per unit with a minimum subscription of 1 tokenised unit.

Management fee is currently up to 1%, whilst ongoing charges over a year is at 1.20%.

HSBC acts as the tokenisation agent, gold dealer, gold custodian, trustee, and transfer agent of this ETF.