Hang Seng Gold ETF was listed on January 29th, becoming Hong Kong’s first bank-exchangeable physical gold ETF. Future plans include adding a tokenized category, with HSBC acting as the agent issuing on Ethereum. Opening at 18.4, closing at 17.44 HKD, representing a 9% increase from the issuance price of 16 HKD. It tracks LBMA gold prices, with a management fee of 0.25%, and a lot size of 800 HKD. Xu Zhengyu expressed support for Hong Kong as an international gold hub, linking traditional and digital finance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Hong Kong's First! Hang Seng Gold ETF Can Be Exchanged for Physical Gold, Promoting the Tokenization Revolution in Finance
Hang Seng Gold ETF was listed on January 29th, becoming Hong Kong’s first bank-exchangeable physical gold ETF. Future plans include adding a tokenized category, with HSBC acting as the agent issuing on Ethereum. Opening at 18.4, closing at 17.44 HKD, representing a 9% increase from the issuance price of 16 HKD. It tracks LBMA gold prices, with a management fee of 0.25%, and a lot size of 800 HKD. Xu Zhengyu expressed support for Hong Kong as an international gold hub, linking traditional and digital finance.