Tokenized unlisted class of the Hang Seng Gold ETF (HSGLD)

Hang Seng Investment Management, part of the HSBC group, opened a tokenized unlisted class of its Hang Seng Gold ETF, trading code HSGLD, on HashKey Exchange in April 2026; the fund's listed class has traded in Hong Kong since 29 January 2026 and holds gold in vaults in Hong Kong. HSBC is the fund's tokenization agent, gold custodian, trustee and transfer agent. The prospectus says the tokenization agent 'intends to utilise Ethereum as the primary blockchain', that every wallet holding the units is whitelisted, and that units are subscribed and redeemed only through eligible distributors, with no secondary trading. Neither firm publishes the token's contract; an Ethereum token named HSGLD was first minted on 14 April 2026 and had a supply of 17,215 units, all in one wallet, on 7 October 2026. Also: The Asset, report of 21 April 2026.