Technology
HashKey Group and Bosera Launch World’s First Tokenised Money Market ETF
Published
2 weeks agoon
By

The newly launched Money Market ETF will pioneer the integration of traditional finance and blockchain technology
HONG KONG, March 28, 2025 /PRNewswire/ — HashKey Group (“HashKey”), a leading end-to-end digital asset financial services group in Asia, and Bosera Asset Management (International) Co., Limited (“Bosera”) today announce the launch of the tokenised money market ETFs, Bosera HKD Money Market ETF (Tokenised Class) and Bosera USD Money Market ETF (Tokenised Class), which have been approved by Hong Kong Securities and Futures Commission (SFC) and will be formally launched in April.
The ETFs are one of the use cases in the Hong Kong Monetary Authority’s (HKMA’s) Project Ensemble Sandbox, which explores innovative tokenisation of real-world assets (RWAs). HashKey Group, as a member of the HKMA’s Project Ensemble sandbox, will continue to collaborate with HKMA and SFC to support the development of Hong Kong’s tokenised ecosystem.
The upcoming tokenised shares are the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF. Money market funds are known for their low risk and high liquidity, making them an essential tool for cash management. Bosera’s use of advanced blockchain technology has enabled the offering of an innovative investment product that balances traditional stability with the agility and flexibility of digital assets.
In comparison to traditional money market funds, this product greatly improves transparency and operational efficiency through blockchain technology, enabling investors to gain direct exposure to high-quality money market instruments by tokens, thereby fulfilling their asset allocation and risk management needs. DeFi investors seeking to balance their yields or virtual asset investors looking to mitigate market risk can find a reliable solution in Bosera’s tokenised money market fund, serving as a “yield stabiliser” for on-chain investors.
By leveraging the collaborative power of the Web3 ecosystem, HashKey Group provides a comprehensive tokenisation solution and full-chain technical support for the product, ensuring seamless integration from technology to operations. HashKey Tokenisation provides a full-process design and execution for tokenised issuance during the entire process. The product is then deployed on HashKey Chain, a public chain preferred by financial institutions and real-world asset (RWA) issuers, and utilises HashKey’s NexaToken service to ensure secure on-chain asset management. Subsequently, HashKey Exchange, the largest licensed virtual asset trading platform in Hong Kong, will serve as the primary distribution channel while also providing custody services through its upcoming Earn Channel.
CMB Wing Lung (Trustee) Limited and BOCI-Prudential Trustee Limited act as the custodians and administrators for the Bosera HKD Money Market ETF and Bosera USD Money Market ETF, respectively, providing fund administration services, including transfer agent services and fund valuation services, which are crucial to the successful issuance of products’ tokenised shares.
“Bringing money market ETFs on-chain through blockchain technology is a crucial step for traditional finance to embrace Web3,” said Dr. Xiao Feng, Chairman and CEO of HashKey Group. “As an important bridge connecting traditional finance and crypto finance, HashKey Group has established a complete Web3 financial infrastructure. Under the current market trend of compliance, we expect more traditional financial institutions to actively enter the crypto finance sector through innovative tokenisation products. This will not only drive the development of the crypto finance market, but also promote the integration of blockchain technology and mainstream financial systems, creating sustainable investment value for institutional and individual investors.”
“As an investment value discoverer, Bosera International has always been committed to providing professional and comprehensive asset management services to all kinds of institutional and individual investors at home and abroad. One of Bosera International’s key strategies is to leverage financial innovation to promote financial inclusion and empower investor services through financial technology,” said Ms. Lian Shaodong M.H., Chairman and CEO, Bosera Asset Management (International) Co., Limited. This issuance is our latest product in the Web 3.0 sector, after our Virtual Asset Spot ETF, and we hope to create value for investors. As a leading asset management institution in Hong Kong, we attach great importance to innovation in the financial sector and continuously explore changes in business models through technological advancements. We also pay close attention to the investment preferences and demands of on-chain investors and Generation Z investors. In the future, we will further summarise the experience of this project, apply blockchain technology to more products, and provide investors with more investment options and a better investment experience.”
Mr. Andrew Law, CEO of BOCI Prudential, stated “As a leading custodian of tokenized funds, BOCPT leverages blockchain technology to enhance transfer agency and registry services, paving the way for a new digital era in the industry. As the digital asset ecosystem continues to mature, we remain focused on delivering efficient settlement services to create a more transparent, faster, and more convenient experience for investors – driving greater values across the fund administration industry.”
About HashKey Group
HashKey Group is a leading digital asset financial services group in Asia with global operations in regions such as Hong Kong, Singapore, Japan, Ireland and Bermuda. Since 2018, HashKey Group has built a global Web3 ecosystem within a high-compliance regulatory framework, including HashKey Exchange, a licensed virtual asset exchange regulated by the Hong Kong SFC; HashKey Global, the global flagship digital asset exchange; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey OTC, the compliant over-the-counter (OTC) trading arm of HashKey Group, HashKey Cloud, a leading provider of global Web3 infrastructure; and HashKey Tokenisation, a tokenisation services provider.
HashKey Group also possesses a rich on-chain ecosystem, having developed the Ethereum Layer 2, HashKey Chain, and has listed the HashKey platform tokenHSK. HashKey Group is committed to driving the mass application of blockchain technology, aiming to provide trustworthy and accessible digital asset services to one billion global users.
Disclaimer:https://group.hashkey.com/disclaimer-group/blank-1
*As of January 15, 2025, HashKey Exchange ranks 7th on CoinGecko’s global exchange list and is the highest-ranked licensed virtual asset exchange in Hong Kong.
About Bosera
Bosera Funds, as one of the pioneering Chinese asset managers to establish operations in Hong Kong, has consistently capitalized on global asset allocation opportunities while upholding its value investment philosophy. The firm has developed a comprehensive product suite anchored by stable fixed-income investments, complemented by active equity and passive index offerings. Through strategic partnerships with international institutions, Bosera Funds provides global investors with bidirectional and cross-border asset management solutions. With a client base spanning major financial hubs including the United States, Europe, South Korea, Singapore, and Hong Kong, Bosera Funds has solidified its market position over 15 years of dedicated operations. Today, it ranks among Hong Kong’s largest Chinese asset management firms.
About BOCI-Prudential Trustee Limited
BOCI-Prudential Trustee Limited (“BOCI Prudential”)l has over 20 years of experience in trustee management and mainly provides trustee and fund administration, custody, as well as transfer agency and registry services for a variety of funds and retirement protection schemes. As at the end of Dec 2024, BOCI Prudential has MPF assets under administration of over HKD95 billion and serves around 900,000 MPF accounts under the schemes.
In the third quarter of 2024, the Hong Kong Monetary Authority, in collaboration with the industry participants, launched the “Project Ensemble” sandbox to test interbank settlement of tokenized mutual fund assets using wholesale Central Bank Digital Currency(wCBDC). BOCI Prudential played an active role in the technology design and development of tokenisation assets.
In its capacity as a fund transfer agent and fund administrator, BOCI Prudential successfully tokenized a money market fund – validating the end-to-end process of fund tokenisation and demonstrating its ability to standardize securities services for digital assets. This sandbox collaboration not only reinforces BOCI Prudential’s industry-leading position in serving clients such as fund companies, brokerages, and asset management institutions, but also pushes the boundaries of our services to cover a wider spectrum of digital assets, including stablecoins. We aim to further expand our offerings to a broader range of institutional investors, and continuously meet the market’s grown demand for innovation.
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SOURCE HashKey Group
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Technology
Glove Box Market to Reach $3.1 billion, Globally, by 2034 at 5.1% CAGR: Allied Market Research
Published
46 minutes agoon
April 14, 2025By

WILMINGTON, Del., April 14, 2025 /PRNewswire/ — The glove box market is propelled by increasing demand across industries such as pharmaceuticals, healthcare, semiconductors, and nuclear research, where controlled environments are essential. Rising investments in research and development, particularly in biotechnology and nanotechnology, drives market growth. Additionally, stringent safety regulations in handling hazardous materials and chemicals boost adoption. The growing semiconductor industry, requiring ultra-clean environments, further fuels demand. Technological advancements, such as automation and integrated monitoring systems, enhance efficiency and usability. Moreover, expanding aerospace and defense applications contribute to market expansion. Emerging economies’ industrialization and rising laboratory setups also provide significant growth opportunities for the market.
Allied Market Research published a report, titled, ‘Glove Box Market by Equipment (Plastic Glove Box, Stainless Steel Glove Box, Acrylic Glove Box, Aluminum Glove Box, Others), by Port Configuration (Single Port Glove Box, Double Port Glove Box, Multi Port Glove Box), by End-User Industry (Pharmaceutical and Biotechnology, Electronics and Semiconductor, Automotive and Industrial, Research and Laboratories, Others): Global Opportunity Analysis and Industry Forecast, 2025-2034′. According to the report, the ‘glove box market’ was valued at $1.8 billion in 2024, and is estimated to reach $3.1 billion by 2034, growing at a CAGR of 5.1% from 2025 to 2034.
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Prime determinants of growth
The glove box market is expected to witness notable growth owing to the increasing demand in pharmaceutical and biotechnology research and growth of the semiconductor industry requiring controlled environments which is driving the demand for glove box. Moreover, advancements in automation and smart glove box technology is expected to provide lucrative opportunity for the growth of the market during the forecast period. On the contrary, high initial investment and maintenance costs limits the growth of the glove box market.
Report coverage & details:
Report Coverage
Details
Forecast Period
2025–2034
Base Year
2024
Market Size in 2024
$1.8 billion
Market Size in 2034
$3.1 billion
CAGR
5.1 %
No. of Pages in Report
291
Segments Covered
Equipment, Port configuration, End User and Region
Drivers
Increase in Demand in Pharmaceutical and Biotechnology ResearchRise in Awareness Over Biosafety and Stringent Laboratory Safety StandardsRapid Growth in the Electronics Industry and Establishment of New Research Laboratories
Opportunities
Rise in Research and Development Facilities
Restraint
High Initial Investment and Maintenance Costs
Purchase This Comprehensive Report (PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/42gVRwQ
Stainless steel glove box segment dominated the market in 2024
By Equipment, stainless steel glove box segment held the highest market share in 2024 accounting for more than one-fourth of the glove box market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to its durability, corrosion resistance, suitability for hazardous material handling, and widespread use in pharmaceuticals, nuclear, and semiconductor industries. Moreover, the stainless steel glove box segment is projected to manifest the highest CAGR of 6.2% from 2025 to 2034.
Multi port glove box segment dominated the market in 2024
By configuration, the multi port glove box segment dominated the market share in 2024 accounting for the largest share in 2024, contributing to more than two-fifths of the global glove box market revenue, due to its high operational efficiency, ability to accommodate multiple users, increased workspace, and growing demand in research and industrial applications. However, the double port glove box segment is projected to manifest the highest CAGR of 5.8% from 2025 to 2034.
Pharmaceutical and biotechnology segment dominated the market in 2024
By end user, the pharmaceutical and biotechnology segment held the highest market share in 2024 accounting for the largest share in 2024, contributing to nearly two-fifths of the global glove box market revenue, due to strict contamination control requirements, increasing R&D activities, rising drug development, stringent regulatory standards, and growing biopharmaceutical manufacturing demand. Moreover, the pharmaceutical and biotechnology segment is projected to manifest the highest CAGR of 5.8% from 2025 to 2034.
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Asia-Pacific region is expected to continue its dominance throughout forecast period
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2024, accounting for nearly half of the global glove box market revenue, owing to rapid industrialization, expanding pharmaceutical and semiconductor sectors, increasing R&D investments, stringent safety regulations, and growing demand for controlled environments. Moreover, the Asia-Pacific segment is projected to manifest the highest CAGR of 5.7% from 2025 to 2034.
Players: –
Labconco CorporationJacomexAMADA WELD TECHTerra Universal. IncMunro Instruments LimitedPlas-Labs, Inc.Cleatech, LLCEteluxVigor Technologies (USA) IncStericox India Private Limited
The report provides a detailed analysis of these key players in the global glove box market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Key Benefits For Stakeholders
This report provides a quantitative analysis of the Glove Box market segments, current trends, estimations, and dynamics of the glove box market analysis from 2024 to 2034 to identify the prevailing Glove Box Market Opportunity.The market research is offered along with information related to key drivers, restraints, and opportunities.Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.In-depth analysis of the glove box market segmentation assists to determine the prevailing market opportunities.Major countries in each region are mapped according to their revenue contribution to the global Glove Box Industry.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the Glove Box Industry players.The report includes the analysis of the regional as well as global glove box market trends, Glove Box Industry key players, Containment Glove, Glove Box Market segments, application areas, and Glove box market growth strategies.
Glove Box Market Report Highlights
By Equipment
Plastic Glove BoxStainless Steel Glove BoxAcrylic Glove BoxAluminum Glove BoxOthers
By Port Configuration
Multi Port Glove BoxSingle Port Glove BoxDouble Port Glove Box
By End-User Industry
Pharmaceutical and BiotechnologyElectronics and SemiconductorAutomotive and IndustrialResearch and LaboratoriesOthers
By Region
North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Italy, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Technology
Philatron Wire and Cable to Showcase Advanced EV Charging Solutions at Advanced Clean Transportation (ACT) Expo 2025
Published
46 minutes agoon
April 14, 2025By

SANTA FE SPRINGS, Calif., April 14, 2025 /PRNewswire/ — Philatron Wire and Cable, a premier American manufacturer of high-performance wire and cable, is proud to announce its participation in the Advanced Clean Transportation (ACT) Expo 2025, taking place April 28 to May 1, 2025, at the Anaheim Convention Center in Anaheim, California. Philatron invites all attendees to visit Booth #4238 to discover the company’s latest innovations in EV charging cable technology.
Powering the Future of Clean Transportation
As the EV industry accelerates toward ultra-fast charging, expanded infrastructure, and higher performance expectations, Philatron continues to lead with cutting-edge cable solutions. At ACT Expo 2025, Philatron will showcase its robust lineup of custom-engineered EV charging cables, including:
High-Performance Extra Flexible Subzero EV Charging Cables: Designed to perform in extreme environments with flexibility to -60°C (EVE & EVJE) and -40°C (EVT & EVJT). These cables are built for durability and resistance to abrasion, flame, water, ozone, and chemicals.UL-Listed EV Power Cables: Available in 300 Volt (Type EVJE & EVJT) and 600/1000 Volt (Type EVE & EVT) ratings, offering safe and reliable power delivery for residential, commercial, and fleet EV charging needs.
Certified for Performance and Reliability
Philatron cables align with industry standards such as:
UL 62 & UL 2263 Compliant for type EVE/EVJE/EVT/EVJTRoHS CompliantISO and IATF Certified Manufacturer
These certifications reinforce Philatron’s ongoing commitment to quality, safety, and environmental sustainability.
Made in the USA—With Innovation at the Cabling Core
With over 51 years of manufacturing excellence, Philatron offers complete in-house capabilities including copper drawing, roping, cabling, extrusion, coiling, and molding—all proudly made in the USA. Philatron’s continued innovation supports the EV electric mobility movement with sustainable, high-performance solutions.
Meet Us at Booth #4238
Philatron welcomes visitors to Booth #4238 at ACT Expo 2025 to explore how our engineering and design capabilities can power your next EV infrastructure project. For one-on-one meetings or product demonstrations, please contact our team in advance.
Contact Information
For more information, visit:
https://philatron.com/
Philatron USA: (800) 421-3547 (PST)
For information about the ACT Expo 2025, visit https://www.actexpo.com/conference/
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SOURCE Philatron International
Technology
United States (USA) Smart Manufacturing Market worth $116.48 billion by 2029 – Exclusive Report by MarketsandMarkets™
Published
46 minutes agoon
April 14, 2025By

DELRAY BEACH, Fla., April 14, 2025 /PRNewswire/ — The USA smart manufacturing market is projected to grow from USD 52.65 billion in 2024 to USD 116.48 billion by 2029 at a CAGR of 17.2% during the forecast period according to a new report by MarketsandMarkets™. Advancements in automation, digitalization, and the focus on operational efficiency drive smart manufacturing in the US. The widespread adoption of smart factories, characterized by connected systems, data-driven decision-making, and autonomous production lines, enhances productivity and competitiveness. Government initiatives and incentives for industrial modernization further accelerate this transition. Additionally, the emphasis on sustainability and energy efficiency has led industries to integrate intelligent energy management systems to optimize resource utilization. The growing demand for high-quality production, real-time monitoring, and predictive maintenance has propelled the adoption of the Industrial Internet of Things (IIoT), artificial intelligence, and cloud computing in manufacturing.
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/smart-manufacturing-market-105448439.html
Industrial collaborations driving smart manufacturing market in the US.
Industry collaborations are playing a crucial role in driving the growth of the smart manufacturing market. For instance, in October 2024, Cognizant partnered with Amazon Web Services (AWS) to enhance smart manufacturing capabilities across various industries, including industrial, automotive, life sciences, and consumer goods. This collaboration focuses on leveraging cloud computing, IoT, and artificial intelligence to optimize manufacturing processes. Similarly, in November 2024, the Clean Energy Smart Manufacturing Innovation Institute (CESMII) joined forces with the National Institute of Standards and Technology’s Manufacturing Extension Partnership (NIST MEP) to support small and medium-sized manufacturers adopting smart manufacturing technologies. This partnership aims to improve productivity and enhance competitiveness in the US manufacturing sector by providing education, training, and technology integration.
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Government initiatives and funding to accelerate the smart manufacturing market in the US.
The US government has been advancing smart manufacturing initiatives to strengthen domestic manufacturing capabilities, enhance energy efficiency, and address climate challenges. Substantial investments have been directed toward accelerating the adoption of smart manufacturing technologies. For instance, in January 2025, the U.S. Department of Energy announced nearly USD 13 million in funding under the Bipartisan Infrastructure Law to support states, state-funded universities, and technical and community colleges. This initiative aims to expand access to smart manufacturing technologies and high-performance computing (HPC) resources for domestic manufacturing firms, fostering innovation and efficiency in the sector. Additionally, in 2024, the U.S. Department of Energy’s Advanced Materials and Manufacturing Technologies Office announced a USD 33 million funding opportunity to drive the advancement of smart manufacturing technologies and processes. This initiative aims to support developing and deploying innovative technologies and materials essential for the nation’s clean energy transition.
Increasing investments in smart factory projects across the US lead to growth in the smart manufacturing market.
The increasing investment in smart factories in the US is driving the growth of the smart manufacturing industry. Companies across various industries are adopting advanced automation, artificial intelligence, and Internet of Things-enabled solutions to enhance operational efficiency, reduce downtime, and improve production quality. For instance, in 2024, Ericsson announced an additional investment of USD 50 million in its U.S. 5G Smart Factory, following its initial USD 100 million investment in 2020. This facility is a key part of Ericsson’s strategy to advance 5G manufacturing capabilities through automation and digitalization. Additionally, the US has several smart factories, including Ericsson’s 5G Smart Factory, Siemens’ Norwood Factory, Tesla Gigafactories, and Ford’s Rouge Electric Vehicle Center.
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Key Players
The key players operating in the smart manufacturing companies in the US include 3D Systems, Inc. (US), ABB (Switzerland), Cisco Systems, Inc. (US), Emerson Electric Co. (US), and General Electric Company (US), among others.
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Glove Box Market to Reach $3.1 billion, Globally, by 2034 at 5.1% CAGR: Allied Market Research

Philatron Wire and Cable to Showcase Advanced EV Charging Solutions at Advanced Clean Transportation (ACT) Expo 2025

United States (USA) Smart Manufacturing Market worth $116.48 billion by 2029 – Exclusive Report by MarketsandMarkets™

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