Hang Seng Investment and HSBC launch tokenised gold ETF in Hong Kong

Hang Seng Investment Management Limited (Hang Seng Investment) has partnered with HSBC to launch the Hang Seng Gold ETF tokenised unlisted class in Hong
Kong.

As Hong Kong’s first tokenised unlisted class for a physically backed gold exchange- traded fund (ETF), the new offering issued by Hang Seng Investment and enabled by HSBC’s tokenisation service broadens access to gold exposure by providing an additional route.

HSBC acts as the tokenisation agent, gold dealer, gold custodian, trustee and transfer agent for the ETF. By combining real-world assets with innovative fintech capabilities, the tokenised unlisted class supports clients’ evolving needs as the digital assets market continues to grow.

Initially, the tokenised unlisted class will be available on the virtual asset trading platform, HashKey Exchange. This tri-party collaboration also represents a key development of the tokenisation ecosystem in Hong Kong, supporting broader adoption of tokenised investment products and enabling new opportunities for on-chain investors.

William Wong, director and CEO at Hang Seng Investment said: “With the launch of the Hang Seng Gold ETF tokenised unlisted class, we are extending access beyond traditional channels to on-chain investors, offering an additional compliant way to gain exposure to gold. We’re pleased to collaborate with HSBC and HashKey Exchange to launch this initiative, which supports portfolio diversification and advances real-world assets tokenisation, contributing to the digitalisation and internationalisation of Hong Kong’s financial markets. We will continue to make every effort to contribute to Hong Kong’s development as an international gold trading hub.”

Suvir Loomba, regional head of securities services, Asia at HSBC shared: “We’re proud of this partnership to launch the Hang Seng Gold ETF tokenised unlisted class, Hong Kong’s first tokenised unlisted class of a physically backed gold ETF, combining our digital asset capabilities, trusted custody infrastructure and product expertise to offer more investors gold exposure in Hong Kong securely and efficiently. This complements our existing gold token offering and reinforces our commitment to innovation in Hong Kong’s financial ecosystem. HSBC continues to work toward providing our clients with the full digital assets service offering, across asset tokenisation and custody – starting in Hong Kong.”

Michelle Cheng, exchange director at HashKey Exchange said: “The launch of the Hang Seng Gold ETF tokenised unlisted class on the HashKey Exchange platform reflects the accelerating convergence between traditional asset management products and licensed digital asset platforms. As one of the most established and widely recognised asset classes globally, gold continues to play a key role in portfolio construction, particularly in volatile market environments. Through this collaboration with Hang Seng Investment, we aim to bring high-quality traditional financial assets into a more accessible and efficient digital asset service framework, while supporting the ongoing development of compliant RWA products in Hong Kong.”

Listed on the Hong Kong Stock Exchange on 29 January 2026, the Hang Seng Gold ETF listed class is Hong Kong’s first gold ETF to offer physical gold redemption through a bank, alongside a low minimum entry threshold. As of 15 April 2026, the Hang Seng Gold ETF listed class has reached close to HKD 1.3 billion ($166.0 million) in assets under management (AUM).

Re-disseminated by Wealth and Society