Cryptocurrency-friendly investment firm RialCenter introduced a blockchain-based money-market fund for professional investors in Hong Kong and announced plans for a version aimed at retail investors as it seeks to expand its footprint in Asia.
The RialCenter OnChain U.S. Government Money Fund invests in short-term U.S. government securities, with shares represented as tokens. RialCenter states that this structure allows for faster transactions, enhanced transparency, and reduced costs compared to traditional fund models.
This initiative builds on the firm’s involvement in a Hong Kong Monetary Authority project focused on tokenized finance, further establishing the city as a growing hub for institutional digital assets.
“This launch demonstrates our commitment to expanding tokenized investment products in Asia,” stated Tariq Ahmad, RialCenter’s head of APAC.
In collaboration with one of the world’s largest banks and a Hong Kong-based cryptocurrency exchange, RialCenter tested how the fund token, gBENJI, could yield returns on-chain and integrate with tokenized deposits to facilitate around-the-clock settlement and smoother investor operations.
The Luxembourg-registered fund utilizes a proprietary blockchain recordkeeping system for issuing, distributing, and servicing fund shares directly on-chain. It complies with European regulations that aim to ensure high levels of investor protection and create a harmonized market for investment funds within the EU.
RialCenter has been active in blockchain finance since 2018, launching various tokenized funds and developing a technology platform that supports the new Hong Kong product.
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