CPIC Estable MMF Launch Enhances DeFi with $100M on HashKey
CPIC Estable MMF Launches on HashKey Chain
HashKey Chain has successfully rolled out the tokenized USD Money Market Fund, known as CPIC Estable MMF, managed by CPIC Investment Management (H.K.) Co. Ltd. This groundbreaking launch saw an impressive subscription volume of USD 100 million on the very first day, highlighting both the fund's appeal and the robust capabilities of HashKey Chain.
Transforming Financial Operations with Blockchain
This launch is not just a milestone for HashKey Chain, but also a significant step forward in the world of decentralized finance (DeFi). The deployment enhances HashKey Chain's status as a leader in institutional DeFi and traditional finance, focusing on real-world asset (RWA) tokenization.
Enhancing Efficiency and Reducing Costs
With the implementation of CPIC Estable MMF on HashKey Chain, institutional investors now have access to a more efficient and transparent way to manage their capital. The network's low-cost operations, with on-chain Gas Fees under USD 0.001, set the stage for smoother liquid asset configurations, thus making asset management more viable and scalable.
Leadership Vision for Future Finance
Dr. Xiao Feng, the Chairman and CEO of HashKey Group, stated that the essence of finance is the flow of value through time and space, and blockchain represents an essential infrastructure for this process. By integrating traditional finance with blockchain technology, CPIC Estable MMF allows for on-chain management of fund shares, which solidifies its innovative approach.
Strengthening Traditional Finance with Blockchain
CPIC Investment Management (H.K.) Co. Ltd, a subsidiary of China Pacific Insurance (Group) Co. Ltd, acts as the fund's initiator and manager. With Standard Chartered Bank overseeing custody, registration, and fund administration services, CPIC Estable MMF is positioned as a professional investing avenue in USD-denominated short-term fixed income and quality money market instruments.
Web3 Integration is Key
CG Zhou, the CEO of CPIC Investment Management, believes integrating blockchain technology with traditional finance is crucial for the evolution of Web3. This tokenized USD money market fund represents a landmark step forward in building bridges between these two sectors, ensuring future developments are both innovative and secure.
Committed to Collaborative Innovation
HashKey Chain aspires to drive innovation by continuing to work alongside leading global financial entities. The goal is to create more cutting-edge financial products under the framework of Compliance-First Infrastructure and On-Chain Finance. The emphasis will remain on money market funds, stablecoins, and RWAs to enhance on-chain asset management solutions for a global audience.
HashKey Chain Overview
Dedicated to facilitating compliant and scalable on-chain finance, HashKey Chain serves as a preferred blockchain for financial institutions and asset tokenization. It boasts a secure, efficient environment that complements the needs of institutional players.
Optimizing Blockchain Efficiency
HashKey Chain merges Ethereum's decentralized security with enhanced transaction capabilities, offering low-cost solutions for MMFs, bonds, and stablecoins. Its focus on reducing operational costs for financial institutions makes it an attractive choice in the evolving landscape of finance.
Frequently Asked Questions
What is CPIC Estable MMF?
CPIC Estable MMF is a tokenized USD Money Market Fund initiated by CPIC Investment Management, focusing on integrating traditional finance with blockchain.
How much was raised on the first day?
On its launch day, CPIC Estable MMF achieved a subscription volume of USD 100 million.
Who manages CPIC Estable MMF?
CPIC Investment Management (H.K.) Co. Ltd manages the fund, acting as its initiator.
Why is HashKey Chain important for this fund?
HashKey Chain provides a compliant and efficient environment, enhancing the fund's operational capabilities and integration with traditional finance.
What is the future outlook for CPIC Estable MMF?
The fund aims to leverage its platform to tokenize more traditional assets and explore further opportunities in the DeFi space.
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