CSOP Asset Management Limited
CSOP launched an unlisted tokenised class of its Hong Kong Dollar Money Market ETF, with HSBC as tokenisation agent, trustee and registrar and OSL's licensed platform as exclusive onboarding venue for six months.
- Status
- Live
- Announced
- (announcement)
- Stage
- Pilot
- Chain or network
- unknown
- Participants
- HSBC, OSL
- Next review
Scorecard
As of the review on . How pilots are scored
| Ledger | Unknown |
|---|---|
| Settlement | Off-ledger cash |
| Access | Whitelisted institutions or investors |
| Legal standing | Mirrors an off-ledger record |
| Scale | Single transaction |
Review history
Live Pilot
Launched 3 June 2026. CSOP keeps the official register off-chain with the trustee and registrar. CSOP has not named the chain or published assets for the class; a key facts statement naming the blockchain would settle the ledger.
Evidence: osl.com, csopasset.com
What was announced
On 3 June 2026 CSOP Asset Management launched an unlisted tokenised class of the CSOP Hong Kong Dollar Money Market ETF (3053.HK), its first tokenised fund. HSBC is tokenisation agent, trustee and registrar; CSOP said this was the first time HSBC had provided full digital asset services for a Hong Kong money market fund. CSOP signed a memorandum with OSL under which OSL’s licensed virtual asset trading platform will, for six months, be the exclusive platform onboarding the tokenised class. CSOP aims the class at holders of virtual assets who want a Hong Kong dollar yield.
How it works
The fund invests in short-term Hong Kong dollar deposits and money market instruments. CSOP’s explainer on the class says the trustee and registrar keep the official register off-chain and the blockchain holds a digital representation, so legal is twin. Subscriptions and redemptions go only through eligible distributors, which mint and burn tokens held by a token custodian, and settle in cash, so settlement is offchain.
Neither the release nor the explainer names the blockchain, so ledger is unknown. The release does not say whether retail investors can subscribe through OSL, so access takes the less open value, whitelisted.
Record so far
The class launched in June with one distributor. No assets or token supply have been published, so scale is single and the stage pilot. The launch is under twelve months old, so the status is live.
The Regulatory Wire item on the SFC’s April 2026 circulars is relevant: OSL could list the class for secondary trading under those rules.
What to watch
OSL’s exclusivity ends around early December 2026; a second distributor would follow. A key facts statement or contract address naming the chain, published assets for the class, or secondary trading on OSL would settle ledger and scale.