OSL, Mirae Asset, and Citibank Launch Hong Kong's First Tokenized Covered Call ETF

OSL Group, in collaboration with Mirae Asset and Citibank, has launched the Global X Hong Kong Index Covered Call ETF (3416) with a tokenized fund unit category, making it the first covered call ETF in the Hong Kong market to introduce a tokenized unit category. This fund provides investors with the option to hold fund units in token form. In this collaboration, OSL has introduced the tokenized unit category through its licensed digital asset trading platform in Hong Kong, allowing institutional and retail investors to participate in subscriptions via a regulated platform. OSL also leverages its institutional-grade platform, OSL Tokenworks, to support the asset tokenization process, enhancing settlement efficiency, increasing transparency, and optimizing operational processes. Terence Pu, Senior Vice President of Exchange Business at OSL Group, stated that this collaboration enriches OSL's product portfolio, providing clients with more options for capital allocation and investment management.

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