A publication called The Fintech Times writes, "Standard Chartered Backs Tokenised Retail Money Market Fund in Asia Pacific." The piece tells us, "Standard Chartered Bank Hong Kong (​SCBHK) is supporting China Asset Management (​Hong Kong) to launch the first tokenised retail money market fund in Asia Pacific. Standard Chartered will act as the digital asset service provider for China Asset Management, as they look to launch the fund by the end of February. SCBHK subsidiary Standard Chartered Trustee will also act as the open-​ended fund company custodian for the fund." Mary Huen, CEO of Hong Kong and Greater China and North Asia at Standard Chartered, comments, "We are pleased to strategically combine our strengths in traditional custody services and innovative fintech capabilities to support ChinaAMC (​HK) in launching the first tokenised retail money market fund in Asia Pacific in the near future, marking another milestone in the development of Hong Kong as a global digital assets hub. Standard Chartered believes that digital assets are fundamentally transforming the ecosystem of the financial markets." The article adds, "By leveraging technology developed by Libeara, an SC Ventures incubated tokenisation platform, Standard Chartered will collaborate with ChinaAMC to build an ecosystem for its tokenised money market fund, with a comprehensive suite of securities services and technology solutions to enable tokenisation of the fund, fiduciary, fund administration, custody and cash services."

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