Hang Seng Launches Ethereum-Backed Gold ETF with Token Units

Hang Seng has unveiled a gold ETF featuring Ethereum-based tokenized units, marking a significant step in crypto investment.

Hang Seng has made headlines by launching a new gold exchange-traded fund (ETF) that includes a novel category of tokenized units. According to the fund's prospectus, these units are set to be initially issued on the Ethereum blockchain.