March 28, 2025
By Our Correspondent
CPIC Asset Management (Hong Kong) has introduced CPIC Estable MMF, marking the launch of the first tokenized USD money market fund within the regulatory framework established by Hong Kong’s Securities and Futures Comission.
This innovative step redefines traditional finance by incorporating blockchain technology, which enables professional investors to access stable, yield-generating assets in a secure and fully compliant environment. As a private fund operating under Hong Kong’s OFC structure and regulated by the SFC, CPIC Estable MMF utilizes blockchain to digitize fund shares, facilitating efficient ownership tracking and ensuring transaction transparency.
The fund experienced a robust debut, achieving an initial subscription volume of $100 million on its first day, reflecting strong market interest and confidence in the realm of tokenized finance. CPIC Asset Management (Hong Kong) acts as both the sponsor and manager of the fund, while the PAC provides the necessary tokenization infrastructure.
Standard Chartered Bank is responsible for custody, fund administration, and registrar services, guaranteeing that CPIC Estable MMF adheres to the highest institutional and regulatory standards. The fund’s investment strategy is centered on USD-denominated short-term deposits and high-quality money market instruments, presenting a stable and low-risk investment option. By harnessing blockchain technology, CPIC Estable MMF improves efficiency, transparency, and accessibility in money market fund investments, establishing a new standard for the integration of digital assets into traditional finance.
CPIC Estable MMF is not merely a fund; it signifies a significant advancement in the integration of regulated financial products within the blockchain ecosystem, facilitating the institutional acceptance of tokenized assets. The on-chain registration and administration of fund shares enhance operational efficiency while bolstering security and ensuring compliance.
“Web3 isn’t built overnight–it requires structured, deliberate progress,” said CG Zhou, CEO of CPIC Asset Management (Hong Kong). “The convergence of traditional finance and blockchain technology isn’t just an emerging trend; it’s one of the most certain paths forward. The launch of CPIC Estable MMF marks a significant milestone in this journey, demonstrating how tokenization can unlock new opportunities for institutional investors. Our goal is to leverage our expertise in asset management and RWA tokenization to bring more yield-bearing traditional assets onto the blockchain, fueling the growth of a more robust Web3 financial ecosystem.”
CPIC Estable MMF represents not just a groundbreaking fund, but also a significant advancement in institutional investment within the digital era. With the rise of regulatory clarity and an increasing demand for compliant tokenized assets, CPIC Asset Management (Hong Kong) is dedicated to spearheading the transformation of traditional finance through blockchain-based solutions.
