ChainCatcher news, Han Tongli, CEO of Harvest International, revealed that the company is preparing to issue collateralized financial products based on cryptocurrency spot ETFs. The current goal is to achieve the highest trading volume for its cryptocurrency spot ETF in Hong Kong by the end of this year. Data shows that the first-day trading volume of Harvest International's cryptocurrency spot ETF ranked second among three fund companies, with ChinaAMC ranking first.Han Tongli stated that due to skepticism about Hong Kong's commitment to virtual assets, many investors are still on the sidelines, which puts pressure on the trading volume of cryptocurrency spot ETFs. However, Han Tongli added that he is confident that Hong Kong's cryptocurrency ETFs can grow to twice the size of products in the United States, although he did not mention when this milestone could be achieved.

ChainCatcher news, according to the Financial Times, Hong Kong-based Harvest Global Investments has established a strategic partnership with Singapore fintech company MetaComp. This collaboration will enable MetaComp to offer Harvest's cryptocurrency spot exchange-traded funds (ETFs) to Singapore investors through its unique asset management platform, Camp.MetaComp stated that this move aims to enhance the global influence of Harvest ETFs and enrich its wealth solutions portfolio with this popular financial product. In addition to the distribution of ETFs, both parties plan to explore opportunities to integrate Harvest's diversified asset management solutions into MetaComp's service system. MetaComp has also committed to providing Harvest with access to a digital payment token service suite.It is reported that this collaboration not only serves the existing client base of both companies but also aims to attract new clients seeking advanced financial solutions.

ChainCatcher news, Han Tongli, CEO and Chief Investment Officer of Harvest International, stated that the market's response to the subscription of virtual currency spot ETFs is enthusiastic, even exceeding his expectations.He explained that he originally anticipated a slow development and subscription process for Hong Kong's virtual asset spot ETFs, but in reality, the subscription volume on the first day was higher than expected. He believes that Hong Kong's financial and legal systems can seamlessly integrate with global markets, and with the ability to accept physical subscriptions and redemptions, the design is advanced. He anticipates that the potential for virtual asset development in Hong Kong may even surpass that of the United States.He candidly mentioned that the spot ETF products issued by the company this time are not intended to be profitable, and they do not plan to make money from this product. The primary purpose of issuing this product is to lay the "first brick" for connecting the traditional finance and crypto finance ecosystems, with the intention of profiting from it later, rather than just earning a profit from a single product.

ChainCatcher news, Harvest International has been approved by the Hong Kong Securities and Futures Commission to add virtual asset management services based on its existing asset management business. This is the first approval granted to a Hong Kong subsidiary of a leading Chinese fund company.It is reported that Harvest International Asset Management Limited ("Harvest International") was established in Hong Kong in 2008 and is one of the first asset management companies in China to set up branches overseas. As the forefront of Harvest Fund's overseas investments, Harvest International focuses on the Chinese and Asian markets while looking globally.

ChainCatcher news, asset management company Harvest International announced that it has issued Hong Kong's first tokenized fund on December 28, 2023. This tokenized fund completed its filing with Hong Kong regulators in November 2023.It is reported that the fund is only available to professional investors and invests in high-rated U.S. Treasury bonds. The issuance is managed by Harvest Fund's Hong Kong subsidiary, Harvest International Asset Management, with tokenization solutions provided by Meta Lab HK.