Hong Kong opens 24/7 secondary trading in two tokenised money market funds, a first under the SFC's pilot
The SFC has approved secondary trading of two ChinaAMC tokenised money market funds on PantherTrade, a licensed virtual asset trading platform. Prices are set by buyers, sellers and market makers rather than at NAV, with an indicative NAV published at least every 15 seconds and trades settling generally within an hour.