Hong Kong Approves Latest Ethereum Staking ETF as New Rules Take Root

More than a week ago, Hong Kong’s Securities and Futures Commission (SFC) approved deployment services In an attempt to “rewrite the rules of finance”. Now those efforts are starting to pay fruit.

The approval of the SFC has opened its way for China Asset Management (Chinaamc) to launch a deploying Ethereum ETF through a collaboration with OSL Digital Securities by 15 May, according to a statement.

Institutional yield from full conforming platforms such as OSL comes as new favorable rules and the wish of Hong Kong to become a central digital assets hub for Asia, is starting to take shape.

Earlier this month, Bosera International and Hashkey Capital Limited jointly launched Their own fund with a expansion provision. That ETF is expected to be launched on 25 April.

The cooperation between the pair transforms Chinaamc’s ETF from a passive investment product into an active participant in the Ethereum Ecosystem, so that investors can receive proof-of-stake Rewards.

Such a convention “lowers the threshold for participating in Ethereum,” said Thomas Zhu, head of digital assets at Chinaamc, in the statement.

A closer look

The Stak-Architecture uses the status of OSL as the first insured and SFC-figured digital asset platform in Hong Kong. It works with Kiln, a strike platform that flows other chains, such as Solana, Aptos and Sui.

She sealed That partnership on 10 April, with the aim of launching Ethereum.

OSL offers guardianship services with cold storage and insurance coverage, while KALN manages the validator nodes that perform consensus tasks on the Ethereum network.

The technical implementation maintains a segregation of tasks: Kiln manages validation while OSL controls the assets and reward distribution.

The preparation of rewards generated by this will be built up and included in its net asset value, for the benefit of its shareholders, the statement is.

Edited by Sebastian Sinclair