The world's first RMB tokenized fund was announced to be established.

On July 17th, Huaxia Fund announced the establishment of two tokenized currency market funds: the Huaxia USD Digital Currency Fund and the Huaxia RMB Digital Currency Fund, priced in US dollars and Chinese yuan respectively. The Huaxia RMB Digital Currency Fund is the world's first RMB tokenized fund. From the product related information, tokenized funds have the same underlying assets as traditional funds, including securities such as bonds and money market instruments, and are subject to relevant legal and regulatory requirements. However, in terms of ownership, tokenized funds differ from traditional funds in that they exist in the form of blockchain digital tokens and can be verified in real-time on the chain. In addition to traditional channels such as banks, brokerages, and third-party institutions, tokenized funds can also be bought and redeemed on compliant virtual asset trading platforms.