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Huaxia Hong Kong Dollar Digital Money Fund plans to explore the stablecoin subscription and redemption mechanism.
According to Caixin's report, Zhu Haokang, the head of digital asset management and family wealth management at Huaxia Fund (Hong Kong), stated that the Huaxia Hong Kong Dollar Digital Currency Fund is being offered to retail investors. After the relevant regulatory guidelines from the Hong Kong Securities and Futures Commission are implemented, the company will explore the fund's application within the stablecoin ecosystem, such as supporting investors in using compliance stablecoins for subscription and redemption. He pointed out that if this innovative application can be realized, the fund management scale will see a significant increase in higher trade volumes.