Hang Seng Investment Management, in partnership with HSBC and HashKey Exchange, has launched Hong Kong’s first tokenized unlisted class for a physically backed gold exchange-traded fund ( ETF ).

The Hang Seng Gold ETF Tokenized Unlisted Class ( trading code: HSGLD ), enabled by HSBC’s tokenization service, broadens access to gold exposure by providing an additional route.

HSBC acts as the tokenization agent, gold dealer, gold custodian, trustee and transfer agent for the ETF. By combining real-world asset with innovative fintech capabilities, the new offering supports clients’ evolving needs as the digital assets market continues to grow, Hang Seng Investment says.

Initially, the tokenized gold ETF will be available on the virtual asset trading platform, HashKey Exchange. This triparty collaboration also represents a key development of the tokenization ecosystem in Hong Kong, supporting broader adoption of tokenized investment products and enabling new opportunities for on-chain investors.

“With the launch of the Hang Seng Gold ETF Tokenized Unlisted Class, we are extending access beyond traditional channels to on-chain investors, offering an additional compliant way to gain exposure to gold,” says Hang Seng Investment director and chief executive officer William Wong.

“We’re pleased to collaborate with HSBC and HashKey Exchange to launch this initiative, which supports portfolio diversification and advances real-world assets tokenization, contributing to the digitalization and internationalization 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.”

Listed on the Hong Kong Stock Exchange on January 29, 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 April 15, the ETF has reached close to HK$1.3 billion ( US$160 million ) in assets under management.