Futu exclusively launches Huaxia Funds Web3 tokenized money market products.

On July 22, Futu Group officially announced a long-term strategic partnership with Huaxia Funds (Hong Kong) Limited ("Huaxia Funds (Hong Kong)") to promote the deep integration of traditional finance and blockchain technology.

Mr. Steve Zeng (left), Managing Director of Futu Group, and Mr. Tian Gan (right), CEO of ChinaAMC (HK)

Under the cooperation framework, both parties will leverage their strengths to explore innovative promotional methods for tokenized money market funds in both "on-chain" and "off-chain" scenarios. This includes:

– Futu will launch a series of tokenized money market fund products from Huaxia Fund on its Futubull App as an exclusive technology brokerage, covering three major currencies: Hong Kong dollars, Renminbi, and US dollars.

– In the future, Futu and Huaxia Fund will provide investors and cryptocurrency holders with compliant 24/7 interest-earning investment solutions through Futu’s licensed virtual asset trading platform (VATP).

– Both parties will explore a dual mechanism for redeeming tokenized money market funds "on-chain" and "off-chain" in the future, as well as 24/7 "on-chain trading."

As more and more investors flock to virtual assets, the demand for tokenized financial assets continues to rise, particularly among cryptocurrency holders actively seeking compliant "on-chain" interest-earning products. Huaxia Fund (Hong Kong) has leveraged blockchain technology to create a series of efficient, transparent, and compliant tokenized money market fund products, leading the way in the tokenization of real-world assets (RWA). Through this cooperation, Huaxia Fund (Hong Kong) will work with Futu to explore direct "on-chain" redemption of related products through compliant cryptocurrency exchanges (VATP).

Futu's licensed exchange will prioritize supporting the launch of Huaxia Fund's related products in the future, further exploring 24/7 "on-chain trading" based on "on-chain redemption," addressing the pain points of real-time redemption of money market fund products in "off-chain" scenarios, and enhancing the liquidity and attractiveness of "on-chain" product shares to achieve a "three-win" situation for both parties and the web3.0 market.

Globalization and a full-chain layout of the virtual currency market to create a unique flywheel advantage.

Futu Group has strategically positioned itself in the virtual assets market, completing two key licenses in Hong Kong—Broker License Type 1 (upgraded) and Virtual Asset Trading Platform (VATP)—in July 2024 and January 2025, respectively. These licenses cover upstream and downstream Business activities, including custody, matching, and trading, while leveraging a large user base and technological advantages to create a more competitively advantageous closed-loop ecosystem that provides investors with more comprehensive and cutting-edge financial services. Futu offers trading services in Bitcoin, Ethereum, LINK, and AVAX to qualified retail investors in Hong Kong. In addition to virtual currency spot trading, the platform also offers virtual currency concept stocks, virtual currency Futures, virtual currency spot ETFs, and virtual currency Futures ETFs for investors to trade, catering to different investors' preferences and habits.

In addition to holding licenses to operate in Hong Kong, Futu Group is also continuously expanding its virtual asset business and influence globally, steadily advancing its crypto globalization strategy. Futu's overseas brand, moomoo, has obtained a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), becoming the first digital broker in Singapore to receive a license for Digital Payment Token (DPT) services, with Crypto trading services set to launch in July 2024. In the US market, moomoo has obtained MSB (Money Services Business) licenses at the federal level and MTL (Money Transmitter License) licenses or exemptions in over 40 states, with Crypto trading services for 32 currencies scheduled to go live in June 2025. Currently, Futu is actively pursuing licensing applications in other business regions to continually enhance its global crypto financial service network.

Futu will continue to build a global one-stop investment platform that enables investors to seamlessly allocate traditional financial assets, RWA tokenization, and more on-chain native assets using fiat currencies and stablecoins. The parent company's Earnings Reports indicate that in the first quarter of this year, the number of virtual asset trading customers and asset scale on Futu Group's platform maintained double-digit quarter-on-quarter growth, demonstrating high demand from global investors for this Sector. In the future, Futu will closely follow the SFC's A-S-P-I-Re roadmap, continuously updating virtual asset-related product functions and consistently leading the industry's development.

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