Taibao Asset Management Hong Kong launches tokenized US dollar money market fund, with a subscription scale reaching 100 million US dollars on the first day

According to Invest360, China Pacific Insurance Investment Management (Hong Kong) Co., Ltd. has launched a tokenized US dollar money market fund "CPIC Estable MMF". This fund is a tokenized US dollar money market private equity fund under the open-ended fund company framework regulated by the Hong Kong Securities and Futures Commission. It realizes product tokenization on the public chain, with a subscription scale of 100 million US dollars on the first day.