The Hang Seng Gold ETF has been listed on the Hong Kong Stock Exchange, becoming Hong Kong's first physical gold ETF that allows individual investors to redeem directly from banks. At the 19th Asian Financial Forum (AFF) in Hong Kong, Christopher Hui, Secretary for Financial Services and the Treasury, stated that in addition to offering the option to redeem physical gold at banks, the Hang Seng Gold ETF is also planned for distribution through licensed digital asset trading platforms. According to Lee Pui-shan, Director and CEO of Hang Seng Investment Management, the tokenized unlisted class of the Hang Seng Gold ETF is currently in its final testing phase and is expected to launch in the first quarter of 2026. The tokenized class will also be open to retail investors, with a lower entry fee expected. Currently, only US dollar-denominated shares are available, but this class will not offer a physical gold redemption option. (Caixin)