{
  "id": 10878,
  "url": "https://www.scmp.com/tech/blockchain/article/3360652/hong-kong-steps-us-crypto-fund-challenge-tokenised-fund-approval",
  "title": "Hong Kong steps up to US crypto fund challenge with tokenised fund approval",
  "summary": "Hong Kong has approved its first “digitally native” tokenised fund, allowing professional investors to hold direct ownership of the underlying assets on a public blockchain, issuer Baillie Gifford says, as the city steps up its challenge to the US as a global crypto hub. The British fund manager said on Wednesday it had received approval from the Securities and Futures Commission to launch the Baillie Gifford Enhanced Yield Fund (BAGEY) – an actively managed portfolio of short-duration...",
  "authors": "Xinmei Shen,Richard Chen",
  "category": "news",
  "topics": "finance-investment",
  "orgs": null,
  "regions": "uk",
  "published_at": "2026-07-15T08:26:00.000Z",
  "fetched_at": "2026-07-16T05:10:56.605Z",
  "source_slug": "x-scmp-tech-hk-cn",
  "source_name": "SCMP Tech (HK/CN)",
  "source_homepage": "https://www.scmp.com/tech",
  "ethics_ai_record_url": "https://ethics.ai/record/10878",
  "original_url": "https://www.scmp.com/tech/blockchain/article/3360652/hong-kong-steps-us-crypto-fund-challenge-tokenised-fund-approval",
  "evidence_status": "source-only",
  "attribution": "via ethics.ai"
}