Harvest Global Investments plans to launch a tokenized bond fund for professional investors in Hong Kong.
Harvest Global Investments (HGI), an investment firm under Harvest Fund Management, reportedly worked with Meta Lab HK, a business supported by Harvest Digital Assets, according to a post on X dated November 22.
On November 23, they will work together to tokenize a fund that is managed by it. According to a statement released by Meta Lab HK, the fund will target professional investors and concentrate mainly on investments in U.S. dollar bonds with an investment-grade rating.
When the offering goes live, it will be run by Harvest Fund’s Hong Kong affiliate HGI, with tokenization provided by Meta Lab HK. A multitude of noteworthy advancements persist from Asia amidst persistent regulatory obstacles facing the bitcoin sector in the United States.
CoinFund, an investment firm based in New York, had announced two days prior that it was expanding its services to include Asia. The company cited the city’s attraction to skilled individuals in cryptocurrency as a primary driver in its decision to launch CoinFund’s Asian expansion in Hong Kong.
In terms of digital asset creation, the United States may be giving it a run for its money, especially in light of the launch of Asia’s first tokenized fund.
