A Globally Diversified Portfolio for Capital Growth
Curated top hedge funds with multi-layered asset allocation, using dynamic positions across market and economic cycles to deliver superior risk-adjusted returns.
Available on
Annualized Return Range (Past 4 Years)
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Cumulative Return (Past 1 Year)
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This Token is used on the blockchain to represent the disclosure, record-keeping, and settlement information of a basket of reference assets, with the aim of enhancing the transparency and verifiability of such information.
Subject to applicable rules and conditions, users may transfer the Token on the open market. Any mechanisms for the acquisition, transfer, or redemption of the Token (if any) are governed solely by platform rules and do not constitute rights inherent to the Token.
Historical Reference Data
For informational purposes only, not a guarantee of returns
*Historical Annualized Volatility (To Date)
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Max Drawdown
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Best Monthly Return
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Worst Monthly Return
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% of Months with Positive Returns
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*Historical Sharpe Ratio (To Date)
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Note: The above information is based on historical disclosures of the reference asset portfolios and is provided for general informational purposes only. It does not constitute any commitment to returns, guarantee of performance, or price prediction. The Token's secondary-market price may differ materially from the above reference data, and past performance is not a reliable indicator of future results.
Reference Asset Portfolio
The Reference Asset Portfolio is a multi-strategy investment portfolio designed to utilize RWA-related technologies to provide users with exposure to globally diversified assets characterized by scarcity and long-term competitive advantages, as well as established alternative investment strategies that have been tested across different market cycles, with the objective of achieving resilient risk-adjusted performance within a defined risk control framework. For the purposes of this page, the term "Reference Asset Portfolio" refers to the portfolio- or strategy-level information disclosed in Hang Feng Horizon SPC – Important Information and its related offering or disclosure materials (the "Reference Portfolio Information"). Such Reference Portfolio Information is provided solely for general informational display and risk factor illustration, and is intended to assist users in understanding the potential risk exposures and structural characteristics of the relevant reference assets. It does not constitute, and should not be construed as, any investment offer, solicitation, recommendation, commitment or investment advice in respect of the Reference Asset Portfolio or any assets comprised therein.
To access the Reference Asset Portfolio document, visit Hang Feng Horizon SPC – Important Information
Invest in in Just a Few Steps
01
Submit subscription request
Subscription day falls on the first business day of each month. Requests submitted -- days prior will be included in the corresponding batch of underlying asset subscriptions.
02
Calculation of returns
From the subscription date, your invested funds will start accruing returns. NAV and subscribed units are expected to be confirmed within 10–21 business days.
03
Request redemption
The redemption date is the first business day of each month. Redemption requests must be submitted at least -- days in advance. Funds will be credited within 5 business days after the NAV is disclosed, subject to actual processing timelines.
Starting -- days prior to the subscription date, subscriptions will enter a lock-up period and cannot be canceled. Daily compensation rewards accrue during this period and are credited to your Funding Account once the subscribed units are confirmed.
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Past 4 years
A Conservative Allocation Tool for KuCoin Users
Real-World Asset Backed, with Risk Transparency
The Reference Asset Portfolio primarily consists of rare, high-quality financial products from the real economy that are managed by leading financial institutions. Its performance and associated risks mainly reflect professional asset management activities, rather than being driven by volatility in crypto-asset market prices.
Efficient Allocation and Exit Mechanisms
Through restructuring and tokenized issuance, long-duration underlying assets are transformed into portfolios with enhanced liquidity, simplifying operations and shortening execution cycles, with redemptions supported on a monthly basis at the shortest.
Managed by Licensed Institutions
At the Reference Asset Portfolio level, management is conducted by licensed asset management institutions, operating under enhanced standards of corporate governance and compliance.
Transparent Disclosure
Information regarding the composition of the Reference Asset Portfolio and the associated risk factors is provided to assist users in understanding the principal risk exposures.
Risk Disclosure
1. Price Volatility Risk: The price of the Token may fluctuate significantly due to changes in market supply and demand, market sentiment, or liquidity conditions, and may experience substantial declines or, in extreme cases, a complete loss of value.
2. Liquidity and Trading Risk: The secondary market may have limited depth, which may result in widened bid-ask spreads, difficulty in executing trades, or an inability to complete transactions.
3. Rule-Based Limitations: Any acquisition or recovery arrangements are typically subject to platform rules, including but not limited to applicable windows, limits, fees or suspension conditions, and may be delayed or suspended under extreme circumstances.
4. Reference Portfolio Information Risk: The composition, valuation methodologies or information sources of the Reference Asset Portfolio may change or contain discrepancies. Reference Portfolio Information should not be regarded as a prediction of investment returns.
5. Technology and Smart Contract Risk: Risks include, but are not limited to, smart contract vulnerabilities, network congestion, oracle or data source failures, loss of private keys, and third-party attacks.
6. Regulatory and Tax Risk: Regulatory and tax policies relating to digital assets and RWA-related arrangements may vary or change across jurisdictions, which may affect the tradability of the Token, applicable compliance requirements, or tax treatment.
7. Reference Portfolio Information ≠ the Token: The funds, strategies or asset allocations referenced in the Reference Portfolio Information relate solely to arrangements at the level of the relevant funds or assets. $FOF is an on-chain digital token displayed and recorded on the platform for information disclosure, ledger recording and settlement expression purposes only, and does not equate to, nor represent, any fund interest or unit. It does not constitute any equity interest, debt instrument, fund unit, profit or income right, nor does it confer upon the holder any claim or other similar right against any entity or person.
8. No Mapping to, or Substitution for, Investor Qualification: According to the Reference Portfolio Information, the relevant funds are offered only to "professional investors" or other specified qualified persons.
Holding, trading or otherwise accessing $FOF does not mean that a user has obtained, or is deemed to have obtained, the investor status of such funds, nor does it grant any rights or interests in connection with such funds.
9. Information Updates and Potential Discrepancies: The Reference Portfolio Information may be adjusted or updated from time to time due to changes in market conditions, valuation methodologies, data sources, applicable rules or compliance requirements. As a result, such information may be subject to delay, incompleteness or inaccuracies.
10. No Price Linkage: The secondary-market trading price of $FOF is determined by market supply and demand, liquidity conditions, trading mechanisms and other factors, and may have no correlation or linkage to any historical or current reference data disclosed in the Reference Portfolio Information.Underlying Strategy Allocation
Liquidity and Fixed Income
Money Market Funds
20%
US Long-Term Treasuries
10%
Dim Sum Bonds & USD-Denominated Chinese Bonds
5%
Catastrophe Bonds
5%
Quant Fund Strategies
Directional Macro Strategies
10%
Arbitrage Strategies (Event-Driven, Merger, Convertible Bonds)
3%
Equity Long/Short Stock Selection
10%
Market-Neutral Macro Strategies
7%
Hedge Fund Strategies
Global Equity Strategies
10%
Short/Medium-Term Trading Strategies
3%
Capital Structure Strategies
7%
Macro Strategies
4%
Interest Rate Relative Value Strategies
2%
Credit Long/Short Strategies
2%
Asset Securitization Strategies
2%
Type
Name
Allocation
Liquidity and Fixed Income
Money Market Funds
20%
Liquidity and Fixed Income
US Long-Term Treasuries
10%
Liquidity and Fixed Income
Dim Sum Bonds & USD-Denominated Chinese Bonds
5%
Liquidity and Fixed Income
Catastrophe Bonds
5%
Quant Fund Strategies
Directional Macro Strategies
10%
Quant Fund Strategies
Arbitrage Strategies (Event-Driven, Merger, Convertible Bonds)
3%
Quant Fund Strategies
Equity Long/Short Stock Selection
10%
Quant Fund Strategies
Market-Neutral Macro Strategies
7%
Hedge Fund Strategies
Global Equity Strategies
10%
Hedge Fund Strategies
Short/Medium-Term Trading Strategies
3%
Hedge Fund Strategies
Capital Structure Strategies
7%
Hedge Fund Strategies
Macro Strategies
4%
Hedge Fund Strategies
Interest Rate Relative Value Strategies
2%
Hedge Fund Strategies
Credit Long/Short Strategies
2%
Hedge Fund Strategies
Asset Securitization Strategies
2%
FAQ
What are the sources of returns for this product?
Returns are primarily derived from the overall performance of a multi-strategy portfolio. The underlying strategies are managed and executed by professional asset managers, leveraging their long-term research capabilities, investment discipline, and portfolio management experience.
How are returns calculated and displayed?
Returns are calculated based on changes in the net asset value (NAV) of the underlying assets, with the latest NAV disclosed by the platform as the reference.
How is the term "business day" defined for this product?
All "business days" mentioned are defined as the statutory business days in Hong Kong.
How do I subscribe, and when do returns start accruing?
Subscriptions are open on a monthly basis, with the subscription date being the first business day of each month. Subscription requests must be submitted at least 11 business days prior to the subscription date. Late submissions will be deferred to the next batch. Funds will be included in return calculations from the applicable subscription date.
How do I redeem, and are there any fees?
Redemptions are open each month, with the redemption date being the first business day of the month. Requests to redeem must be submitted at least 6 business days before the redemption date. Late submissions will be deferred to the next batch. A redemption fee of -- of the total redemption amount will apply. Once the NAV is confirmed, redeemed funds will be credited within 5 business days, subject to actual processing timelines.
When is the net asset value disclosed?
The net asset value is expected to be disclosed between the 10th and 21st business days after the first business day of each month.
Where can I find more information about the tokens?
For more information, please refer to Additional Token Information.
Start investing in long-term, return-oriented and multi-strategy portfolios.
FOF is a multi-strategy portfolio allocated to high-quality global funds and mature alternative strategies, targeting stable, risk-adjusted returns under rigorous risk management.
