Hong Kong-Based Value Partners Plans to Tokenize 3 Tons of Gold and Roll Out Cryptocurrency ETFs
Value Partners, a Hong Kong-based company says it has plans to tokenize gold assets and also make an entry to the much anticipated Exchange Traded Fund (ETF) market.
According to a report from local media sources, Zhao Shande, a senior strategist of the firm’s ETF business spoke on the United States inflation policies such as raising interest rates and its impact on the economy.
The analyst expects gold prices to rise and maintain this year’s momentum as investors turn to the asset to avert negative macroeconomic conditions. Asserting his bullish gold stance, he projects prices of $2,300 per ounce advising classes of investors to withdraw from stocks and increase their gold exposure.
“Market expectations for an early interest rate cut in the United States are rising, but Zhao Shande believes that the U.S. economic data is still inconsistent and the Federal Reserve will adopt a cautious approach when deciding whether to cut interest rates. Judging from the current situation, according to his assessment, the chance of a soft landing for the US economy is “50:50…”
Shande noted that while the company looks to increase its gold investment, it can also increase the value of its gold and sustainability through tokenization.
This year several attempts from traditional investors at tokenization deploying blockchain technology and onboarding real-world assets. A key reason for the innovation is to create easy access to all classes of investors driving a new market cycle and participation.
The decision to tokenize its three-ton gold worth $201 million is timely as both centralized and decentralized finance (DeFi) anticipate the growth of real-world assets tokenization in 2024.
Value Partners currently offers the only Hong
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