Futu and ChinaAMC (HK) Forge Strategic Partnership to Pioneer a New Web3.0 Ecosystem for Tokenized Financial Services
As the exclusive tech-driven broker, Futu will launch ChinaAMC (HK)'s suite of tokenized money market fund products on its Futubull App.
Through its licensed Virtual Asset Trading Platform (VATP), Futu, in collaboration with ChinaAMC (HK), will offer investors and cryptocurrency holders compliant, 24/7 yield-generating investment solutions.
Both parties will explore dual-track "on-chain" and "off-chain" subscription/redemption mechanisms, alongside 24/7 on-chain trading.
Futu holds both an uplifted Type 1 Securities License and a VATP license in Hong Kong, establishing a competitive closed-loop ecosystem spanning custody, matching, and trading.
ChinaAMC (HK) has successfully launched the world’s most comprehensive series of tokenized money market funds and will continue to expand its tokenized fund offerings.
(Hong Kong, July 22, 2025) Futu Group ("Futu") (Nasdaq: FUTU), a leading financial technology company specializing in securities trading and wealth management, today announced a long-term Web3.0 strategic partnership with top-tier asset manager China Asset Management (Hong Kong) Limited ("ChinaAMC (HK)") to advance the integration of traditional finance with blockchain technology. Under this partnership, Futu will serve as the exclusive technology brokerage to launch ChinaAMC (HK)’s tokenized money market funds, denominated in HKD, RMB, and USD, on its Futubull App, expanding asset allocation options for investors. Building upon off-chain¹ fund subscription/redemption capabilities, the partners will explore compliant on-chain² trading solutions. Through Futu’s licensed VATP, they aim to deliver flexible 24/7 yield-generating investments for institutional and retail investors as well as cryptocurrency holders.
As investor interest in virtual assets continues to grow, so does demand for tokenized financial instruments, particularly among cryptocurrency holders seeking compliant on-chain yield products. ChinaAMC (HK) harnesses blockchain technology to deliver efficient, transparent, and compliant tokenized money market funds. The collaboration will explore direct on-chain subscription/redemption of these products through licensed cryptocurrency exchanges. Futu’s licensed exchange will prioritize listing ChinaAMC (HK) products and advance 24/7 on-chain trading beyond on-chain subscriptions/redemptions. This addresses the limitation of real-time transactions in off-chain money market funds, enhancing the liquidity and attractiveness of on-chain offerings.
This Web3.0 long-term strategic partnership represents a powerhouse alliance between two industry leaders. ChinaAMC (HK)'s launch of the ChinaAMC HKD Digital Money Market Fund marked Asia-Pacific's first tokenized fund targeting retail investors, while the ChinaAMC RMB Digital Market Money Fund is the world’s first tokenized fund denominated in RMB. Additionally, its ChinaAMC Bitcoin ETF and ChinaAMC Ether ETF became Asia's inaugural listed virtual asset spot ETFs. Since their launch, ChinaAMC Bitcoin ETF and ChinaAMC Ether ETF have remained the largest crypto ETF product series in the Asia-Pacific region, with consistently leading average daily trading volumes, demonstrating ChinaAMC (HK)’s pioneering capabilities in the Web3.0 domain.
Futu Group operates across multiple global mainstream markets, holding virtual asset licenses in several jurisdictions to compliantly provide diverse services, including cryptocurrency spot/futures/ETF trading, deposits, and withdrawals. Futu holds both an uplifted Type 1 Securities License and a VATP license in Hong Kong that enables it to establish a competitive closed-loop ecosystem spanning custody, matching, and trading. Leveraging its technological advantages and substantial user base, Futu aims to establish a comprehensive end-to-end virtual asset business chain.
The partnership leverages complementary strengths: ChinaAMC (HK)’s asset management expertise as Hong Kong’s inaugural compliant Bitcoin ETF issuer, combined with its proprietary blockchain technology, synergizes with Futu’s expansive active user base and end-to-end virtual asset infrastructure. Together, they establish compliant, high-efficiency tokenized asset channels for Hong Kong and global investors.
Mr. Steve Zeng, Managing Director of Futu Group, stated: “As Hong Kong's virtual asset regulatory framework grows increasingly robust, market focus on emerging assets continues to intensify. We believe real-world asset (RWA) tokenization will soon witness broad expansion across application scenarios. Futu remains committed to driving innovation and adoption in financial investments while facilitating the convergence of traditional financial assets and virtual assets. This long-term partnership with ChinaAMC (HK) marks a significant milestone in Futu's Web3.0 initiatives and further demonstrates our earnest aspiration to collaborate with industry peers in building Hong Kong's Web3.0 ecosystem – cementing the city's leadership in innovation within the international financial landscape.”
Mr. Tian Gan, CEO of ChinaAMC (HK), said “The Hong Kong government is rapidly positioning the city as a global Web3.0 hub through three major sandbox initiatives — e-HKD, tokenized deposits, and stablecoins — laying the foundation for a new financial ecosystem of ‘tokenized currencies + assets.’ Amid the digital era, ChinaAMC (HK) is advancing a forward-looking strategic upgrade, evolving from a ‘beyond China expert’ to a ‘beyond traditional finance expert’. As the only asset management group participating in all three of the Hong Kong Monetary Authority’s sandbox projects, we have followed the government’s lead and remained at the forefront of the Web3.0-driven financial tokenization revolution. We are excited to deepen our collaboration with strategic partners like Futu, driving innovation together and reshaping the global financial system’s foundation by advancing RMB internationalization through Hong Kong’s compliant Web3.0 financial practices.”
In Hong Kong, Futu holds both the uplifted Type 1 Securities License and VATP license, securing the former in July 2024 and the latter in January 2025. These regulatory advancements establish a more competitive closed-loop ecosystem, delivering comprehensive, cutting-edge financial services that span custody, matching, and trading. For qualified Hong Kong retail investors, Futu provides trading services for Bitcoin, Ethereum, LINK, and AVAX, alongside virtual asset concept stocks, futures, spot ETFs, and futures ETFs. Looking ahead, Futu will continue building a one-stop investment platform enabling seamless allocation across traditional financial assets, tokenized RWAs, and native on-chain assets using fiat and stablecoins. Parent company filings show double-digit quarterly growth in cryptocurrency trading clients and asset under management in Q1 2025. Futu will continue enhancing virtual asset products in alignment with the SFC’s A-S-P-I-Re framework to remain at the forefront of the industry.
¹ Investors subscribe/redeem fund products via traditional distribution channels (e.g., banks, brokers) using fiat currency.
² Investors subscribe/redeem/trade fund products using virtual currencies through compliant VATPs.