Harvest Global Investments partners with Meta Lab HK to launch a tokenized U.S. dollar bond fund on Nov. 23.

According to a Nov. 22 post on X, Harvest Global Investments (HGI), an investment firm under Harvest Fund Management, collaborated with Meta Lab HK, a company backed by Harvest Digital Assets. Together, they will tokenize a fund under its management on Nov. 23.

As part of the announcement, Meta Lab HK shares the fund will target professional investors and focus primarily on investments in U.S. dollar bonds with an investment-grade rating.

The notification to Hong Kong’s securities regulator was completed.

Upon release, the offering will be managed by HGI, a subsidiary of Harvest Fund in Hong Kong, with Meta Lab HK providing the tokenization solution.

A number of newsworthy developments continue to stem from Asia amid ongoing regulatory challenges for the cryptocurrency industry in the U.S.

Two days earlier, the New York-based investment firm CoinFund also shared news of broadening its Asian services. The firm has chosen Hong Kong as the debut location for CoinFund’s expansion into Asia, with the city’s appeal to crypto talents cited as a major contributing factor.

Alongside the announcement of Asia’s first tokenized fund, it appears that the United States might have a run for its money regarding digital asset development.