Blockchain has evolved to become the backbone for many financial transactions tied to the real economy, such as trade finance. Photo: Shutterstock Images
Blockchain has evolved to become the backbone for many financial transactions tied to the real economy, such as trade finance. Photo: Shutterstock Images

Samsung Asset Management launches first blockchain-focused ETF in Hong Kong as technology grows beyond cryptocurrencies

  • The Hong Kong arm of Samsung Asset Management will list the first ETF in Hong Kong that invests in blockchain-related companies
  • The ETF, which has raised US$12 million from investors, will also invest in companies that deal in cryptocurrencies