Hang Seng Investment launches physical gold ETF with tokenization option

Hong Kong-based asset manager Hang Seng Investment Management has launched a physical gold exchange-traded fund (ETF) that includes a tokenization option, Cointelegraph reported. The Hang Seng Gold ETF began trading on the Hong Kong Stock Exchange on Jan. 29 under the ticker 3170 and tracks the LBMA Gold Price set in London. The physical gold backing the fund is stored in a Hong Kong vault, with HSBC acting as the custodian. However, the tokenization feature is not yet live and is currently awaiting regulatory approval.