Hong Kong asset manager Hang Seng Investment has launched a new physically backed gold exchange-traded fund that also features a tokenized share class issued on Ethereum, marking a convergence of traditional commodity ETFs and blockchain-based fund infrastructure.
The Hang Seng Gold ETF debuted Thursday on the Hong Kong Stock Exchange under the ticker “03170,” and was up about 9% during the Asia morning trading hours. The fund closely tracks the LBMA Gold Price AM and holds bullion stored in designated vaults in Hong Kong, according to product disclosures.
Beyond its conventional ETF structure, the fund also introduces a tokenized class of units. The tokenized units are initially issued on Ethereum and may be expanded to other public blockchains in the future, according to its prospectus. HSBC is acting as the tokenization agent for the product.
Although issued on a public blockchain, these tokenized ETF units cannot be traded freely on secondary markets — investors must subscribe to or redeem them exclusively through qualified distributors. Furthermore, Hang Seng’s product page notes that the units are not yet open for subscription and will only be released once relevant approvals are secured.
The Block has reached out to Hang Seng for more information.
The launch comes as Hong Kong continues to promote itself as a crypto asset hub under regulatory oversight, with authorities encouraging experiments that bridge traditional finance and blockchain technology. In November, for example, the Hong Kong Monetary Authority launched a pilot to test real-value transactions using tokenized deposits and digital assets.
The Hang Seng Gold ETF debuted as gold extended its rally on Thursday, rising to a fresh record of nearly $5,600 per ounce.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
