CPIC Investment Management Launches Hong Kong’s First Tokenized USD Money Market Fund

CPIC Investment Management (Hong Kong) (CPICIMHK), the investment management subsidiary of China Pacific Insurance Group (CPIC), has launched its CPIC Estable MMF, the first tokenized USD money market fund under Hong Kong’s Securities and Futures Commission (SFC) regulated fund structure framework.

CPICIMHK is regulated by a number of relevant entities under the laws of Hong Kong. It has a license to conduct asset management, as well as deal in and advise on securities. It is jointly owned by China Pacific Insurance Group and its subsidiary Pacific Asset Management.

According to the press release, this novel initiative integrates blockchain technology to alter traditional finance (TradFi). This move provides professional investors with a fully compliant access to stable, yield-generating assets.

Furthermore, CPIC Estable MMF operates as a private fund that digitizes fund shares on the blockchain. Hence, it allows ownership tracking and transparent transactions.

Notably, the new fund launched with an initial subscription volume of $100 million on the first day on the HashKey Chain. This, says the company, suggests “strong market demand and confidence in tokenized finance.”

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Additionally, the company claims that CPIC Estable MMF is more than “a pioneering fund.” Rather, it’s an indicator of evolution in the institutional investment market, spurred by the onset of the digital age.

“As regulatory clarity increases and demand for compliant tokenized assets grows,” says the press release, “CPICIMHK remains committed to leading the charge in transforming traditional finance with blockchain-powered solutions.”

CPICIMHK serves as CPIC Estable MMF’s sponsor and manager. However, it has also revealed a couple of notable partners.

The PAC powers the tokenization infrastructure, while the Standard Chartered Bank provides custody, fund administration, and registrar services. The company states that the latter partnership ensures that the fund meets institutional and regulatory standards.

Moreover, to provide stable and low-risk investment opportunities, the novel fund focuses on USD-denominated short-term deposits and high-quality money market instruments, the company says.

Therefore, blockchain enables it to boost efficiency, transparency, and accessibility in money market fund investments. “CPIC Estable MMF represents a critical step in bringing regulated financial products onto the blockchain, paving the way for institutional adoption of tokenized assets,” the announcement states.

According to CG Zhou, CEO of CPICIMHK, “Web3 isn’t built overnight.” Accomplishing this requires structured, deliberate progress.

The blockchain-TradFi merger isn’t a trend but “one of the most certain paths forward,” Zhou argues. The CPIC Estable MMF launch “marks a significant milestone in this journey, demonstrating how tokenization can unlock new opportunities for institutional investors,” while also “fueling the growth of a more robust Web3 financial ecosystem.”

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This is not the company’s first foray into the blockchain sphere. For example, in July last year, CPICIMHK partnered with AMINA Group, a FINMA-regulated banking institution providing crypto services, to provide investment advisory and banking services respectively as an integrated solution to the Pacific Waterdrip Digital Asset Funds

Meanwhile, in February 2025, the SFC launched a 12-point roadmap under the initiative dubbed ‘ASPIRe’ (Access, Safeguards, Products, Infrastructure, and Relationships). It aims to boost the city’s virtual asset market, enhance security, encourage innovation, and support sustainable growth in this ecosystem.

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