Hang Seng Launches Gold ETF With Tokenized Option

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Hang Seng Rolls Out Physical Gold ETF, Plans Tokenized Version

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 29, 2026

Key Takeaways

Hang Seng launched a physical gold ETF in Hong Kong (code 3170) that tracks the LBMA Gold Price AM benchmark;
The fund holds LBMA-certified gold stored in Hong Kong vaults, with HSBC as the custodian;
Hang Seng plans to issue tokenized fund units on the blockchain, with HSBC serving as the tokenization agent.

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Hang Seng Rolls Out Physical Gold ETF, Plans Tokenized Version

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Hang Seng Investment Management has introduced a new gold exchange-traded fund (ETF) in Hong Kong.

The Hang Seng Gold ETF, trading under the stock code 3170, is listed on the Hong Kong Stock Exchange. It aims to follow the LBMA Gold Price AM, a London benchmark used globally for gold pricing.

The fund operates passively and is backed by physical gold bars that meet London Bullion Market Association (LBMA) good delivery standards.

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The gold is stored in Hong Kong vaults, with HSBC serving as the custodian. Authorized participants can create or redeem units either in cash or, in certain cases, with gold. Retail investors, however, can buy and sell units on the exchange like ordinary shares.

Each unit is traded in Hong Kong dollars, with a board lot size of 50. The ETF carries an estimated annual charge of 0.40% and an expected tracking difference of –0.50%.

In addition to the listed ETF, Hang Seng has proposed tokenized units of the same fund. These would represent ownership recorded on blockchain technology, though they are still awaiting regulatory approval.

HSBC will also act as the tokenization agent, issuing digital tokens linked to fund units. Each token will represent one full or fractional unit, and all subscription and redemption transactions will be tracked on a public blockchain.

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