CPIC Launches Hong Kong’s First Tokenized USD Money Market Fund

CPIC Investment Management (HK), an extension of China Pacific Insurance Group’s investment arm, has launched its CPIC Estable MMF, Hong Kong’s first tokenized US dollar money market fund in compliance with the Securities and Futures Commission (SFC) regulated fund framework.

The CPIC Estable MMF operates as a private fund. It leverages blockchain technology to digitize fund shares, enabling secure ownership tracking and transparent transactions.

Notably, the fund launched with an impressive initial subscription volume of $100 million on its first day on the HashKey Chain, indicating strong market demand and confidence in tokenized finance.

According to CPICIMHK, the CPIC Estable MMF represents a significant milestone in the evolution of institutional investment, driven by the advent of the digital age. As regulatory clarity improves and demand for compliant tokenized assets grows, CPICIMHK remains committed to transforming traditional finance with blockchain-powered solutions.

CPIC Unveils First Tokenized USD

CPIC Investment Management (HK) unveils its partners for the CPIC Estable MMF.
PAC provides the tokenization infrastructure, while Standard Chartered Bank offers custody, fund administration, and registrar services, ensuring the fund meets institutional and regulatory standards.

The fund focuses on low-risk, USD-denominated, short-term deposits and high-quality money market instruments, providing stable investment opportunities. Blockchain technology enhances efficiency, transparency, and accessibility in money market fund investments.

According to CG Zhou, CEO of CPICIMHK, the CPIC Estable MMF represents a significant milestone in bringing regulated financial products onto the blockchain, paving the way for institutional adoption of tokenized assets.

Moreover, Zhou emphasizes that the merger of blockchain and traditional finance is a specific path forward, and the CPIC Estable MMF launch demonstrates how tokenization can unlock new opportunities for institutional investors, fueling the growth of a more robust Web3 financial ecosystem.

CPICIMHK’s venture into blockchain is not new. Previously, in July 2025, the company collaborated with AMINA Group, a FINMA-regulated banking institution, to offer integrated investment advisory and banking services for the Pacific Waterdrip Digital Asset Funds.

Following this move, the Securities and Futures Commission (SFC) launched the ASPIRe initiative in February 2025. This initiative outlines a 12-point roadmap to develop Hong Kong’s virtual asset market, prioritize security, promote innovation, and ensure sustainable growth.