Collaboration aims to connect traditional investment products with the large Pakistan diaspora
Regulated digital assets infrastructure provider, Fuze Finance, and HBL Asset Management Limited, a wholly owned subsidiary of Pakistan’s largest commercial bank, HBL, have announced they will jointly explore the tokenisation and offshore distribution of investment products for Pakistani diaspora investors across the world. It follows the signing of a Memorandum of Understanding (MoU) between the companies.
The agreement will particularly look at ways in which the Pakistani diaspora – of which there are an estimated 13 million across the world – could access selected investment products such as mutual funds, REITs (real estate investment trusts) and other eligible yield-generating investment assets, through tokenisation.
Suitable products
HBL Asset Management Limited will identify and structure suitable products for potential tokenisation. Fuze will enable the regulated digital asset infrastructure and distribution layer required to make those products available through compliant channels.
The opportunity is growing rapidly. PwC expects global tokenised fund assets under management to grow at a compound annual rate of 41% to reach US$ 715bn by 2030, as asset managers increasingly explore how tokenisation can improve the distribution and operation of investment products.
“This collaboration with HBL Asset Management Limited allows us to expand access to high-quality investment products through digital asset rails, with compliance, investor protection, and regulatory requirements built in from the outset,” stated Mohammed Ali Yusuf (Mo Ali Yusuf), CEO and Co-Founder, Fuze Finance.
“We look forward to this collaboration with Fuze, a business which provides the robust regulated digital asset infrastructure required to meet our own high institutional standards,” commented Mir Adil Rashid, CEO, HBL Asset Management.
