The Hang Seng Gold ETF plans to establish tokenized units of an off-market category fund on Ethereum

January 27 — Per a report from aastocks, Hang Seng Investment has recently launched a new gold ETF, the **Hang Seng Gold ETF** (03170.HK), which is set to list on the Hong Kong Stock Exchange this Thursday, January 29. As of January 23, the ETF’s per-unit net asset value (NAV) stood at HK$16. Key details include: - Minimum trading unit: 50 shares - Annual management fee: 0.25% - Annual total expense ratio (TER): 0.4% - Tracking error: -0.5% - Benchmark: LBMA Gold Price AM The ETF invests in physical gold, with all bars stored in a designated Hong Kong vault. Its gold custodian is a wholly owned subsidiary of HSBC Holdings (00005.HK), which has engaged Hong Kong International Airport Precious Metals Storage Limited and Brink’s Hong Kong Limited to jointly custody the sub-fund’s gold. Additionally, the ETF plans to launch tokenized non-listed fund units, with HSBC Bank acting as the tokenization agent. Ethereum will be the initial primary blockchain, with potential future expansion to other public blockchains offering comparable security and distributed ledger technology. Fund unitholders may only subscribe to or redeem these tokenized units via eligible distributors — and they will not be tradable on secondary markets.