ME News reports that on May 28 (UTC+8), China Asset Management (Hong Kong) launched the China Asset Management Digital Gold ETF, which will list on the Hong Kong Stock Exchange on May 29. The fund employs a full physical replication strategy aimed at tracking the LBMA Gold Price AM. All underlying holdings consist of LBMA Good Delivery gold bars, with no exposure to futures or other derivative instruments. The physical gold is stored in a Hong Kong vault, and Standard Chartered Bank will serve as the custodian for both the physical gold and the digital tokens. (Source: Foresight News)
Huaxia Fund (HK) Launches Digital Gold ETF, to List on Hong Kong Exchanges on May 29
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Summary
Huaxia Fund (HK) has launched the Huaxia Digital Gold ETF, scheduled to list on the Hong Kong Stock Exchange on May 29. The fund employs a full physical replication strategy to track the LBMA Gold Price AM, holding LBMA Good Delivery gold bars. On-chain data confirms that the physical gold is stored in Hong Kong vaults, with Standard Chartered Bank serving as custodian for both the gold and the digital tokens. On-chain analysis verifies that the structure enables transparent tracking and secure custody.
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