United

Read

Meta

Harvest Global Investments partners with Meta Lab HK to launch a tokenized U.S. dollar bond fund on Nov. 23.
According to a Nov. 22 post on X, Harvest Global Investments (HGI), an investment firm under Harvest Fund Management, collaborated with Meta Lab HK, a company backed by Harvest Digital Assets. Together, they will tokenize a fund under its management on Nov. 23.
As part of the announcement, Meta Lab HK shares the fund will target professional investors and focus primarily on investments in U.S. dollar bonds with an investment-grade rating.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Harvest Global Investments to Launch Asia's First Tokenized Fund &nbsp; On November 23, 2023, Harvest Global Investments (HGI) is collaborating with Meta Lab HK to tokenize a fund under its management, and the notification to city’s securities regulator has been completed.— Meta Lab (@MetaLabHK) <a href="https://twitter.com/MetaLabHK/status/1727537111195410652?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 23, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
The notification to <a href="https://crypto.news/tag/hong-kong/" data-type="link" data-id="https://crypto.news/tag/hong-kong/" rel="noopener noreferrer nofollow">Hong Kong’s</a> securities regulator was completed.
You might also like: <a href="https://crypto.news/wintermute-asia-completes-first-block-trade-of-options-via-cme-group/" rel="noopener noreferrer nofollow"> Wintermute Asia completes first block trade of options via CME Group </a>
Upon release, the offering will be managed by HGI, a subsidiary of Harvest Fund in Hong Kong, with Meta Lab HK providing the tokenization solution.
A number of newsworthy developments continue to stem from Asia amid ongoing regulatory challenges for the cryptocurrency industry in the U.S.
Two days earlier, the New York-based investment firm CoinFund also shared news of broadening its Asian services. The firm has chosen Hong Kong as the debut location for CoinFund’s expansion into Asia, with the city’s appeal to crypto talents cited as a major contributing factor.
Alongside the announcement of Asia’s first tokenized fund, it appears that the United States might have a run for its money regarding digital asset development.
Read more: <a href="https://crypto.news/crypto-vc-firm-coinfund-enters-hong-kong-as-capital-moves-to-asia/" rel="noopener noreferrer nofollow"> Crypto VC firm CoinFund enters Hong Kong as capital moves to Asia </a>

Harvest Global Investments pioneers tokenized bond fund in Asia

crypto.news

Other articles published on Nov 23, 2023

How CZ's departure from Binance fueled a FTT rally

How to Fix Your Declining Crypto Portfolio With These 3 Coins

GMX Price Prediction 2023-28: Is It The Right Time to Buy GMX?

KuCoin Delists 10 Altcoins, Provides Withdrawal Deadline

Which Stock Exchange Are Bitcoins Exited from Binance Moved to? Will BTC Outflows from Binance Co...

Crypto Bull Run To Continue In The Coming Days, Here’s Why

Join our free newsletter for daily crypto updates!