OSL, Mirae Asset and Citi launch Hong Kong’s first tokenized covered call options ETF

OSL Group, Mirae Asset and Citi have announced the launch of a tokenized unit class for the Global X Hang Seng China Enterprises Index Covered Call Active ETF (3416), making it the first covered call options ETF in Hong Kong to introduce a tokenized unit class. The product gives investors the option to hold fund units in tokenized form. As part of the arrangement, OSL is offering the tokenized unit class through its licensed digital asset trading platform in Hong Kong, allowing both institutional and retail investors to subscribe through a regulated venue. OSL said its institutional platform, OSL Tokenworks, supports the full tokenization process for the fund and is designed to improve settlement efficiency, increase transparency and streamline operations. Terence Pu, Senior Vice President of Exchange Business at OSL Group, said the collaboration expands OSL’s product lineup and gives clients more options for capital allocation and investment management.