PANews reported on March 21 that according to the Hong Kong Wen Wei Po, the tokenized US dollar money market fund "CPIC Estable MMF" initiated by China Pacific Insurance Investment Management (Hong Kong) has been successfully deployed to HashKey Chain, and the fund's first day of operation has attracted a subscription of US$100 million. The fund is provided with custody, registration and fund administration services by Standard Chartered Bank and is only open to professional investors. It mainly invests in short-term fixed income instruments denominated in US dollars and high-quality money market assets.
China Pacific Insurance launches tokenized USD fund on HashKey Chain, with subscription reaching USD 100 million on the first day
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