China AMC Hong Kong, a Major Asset Management Firm, Manages Ethereum-Based MMF with Assets of Approximately JPY 75 Billion

China Asset Management Company (China AMC), a leading asset management firm in China, has launched a tokenized fund valued at approximately $500 million (about JPY 75 billion), as reported by BeinCrypto and others. This fund, named 'ChinaAMC USD Digital Money Market Fund Class I USD (CUMIU)', is tokenized on the Ethereum (ETH) blockchain. The investment objective is to invest in short-term deposits and high-quality money market products, aiming to align with the prevailing dollar-denominated money market interest rates.