[{"data":1,"prerenderedAt":513},["ShallowReactive",2],{"navbar-cms-data":3,"footer-cms-data":112,"navbar-services-data":148,"$fx3kVUNrEsAH2dAslPh_CgofefuZy03U-gLO5Ik0kO6E":372,"$fIGIZ8ON-c4-P3IILxOx9KVKJiOL6iARmB3lUiMeIc_w":414},{"success":4,"data":5},true,{"id":6,"slug":7,"label":8,"show_metadata":9,"content":10,"title":107,"description":107,"keywords":107,"robots_follow":108,"robots_index":109,"og_image_path":107,"created_at":110,"updated_at":111},1,"header_footer","Website: Header and Footer",0,{"section1_logo":11,"section1_btn_text":12,"section1_career_text":13,"section1_guide_text":14,"section2_logo":15,"section2_content":16,"section2_copyright":17,"section2_column_one":18,"section2_column_one_list":19,"section2_column_two":35,"section2_column_two_list":36,"section2_column_three":48,"section2_column_three_list":49,"section2_column_four":58,"section2_column_four_list":59,"section2_footer_nav_list":75,"section3_list":91},"https://boldergroup.sgp1.cdn.digitaloceanspaces.com/cms_images/e63a0316-36b6-4bbe-815c-e4db53ab28cc.png","BGX LOGIN","https://careers.boldergroup.com/","https://resources.boldergroup.com/guides-library","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/cms_images/7e7196ce-6209-410c-a54c-3cdae92fc035.png","Bolder Group is an independent global service provider of corporate, funds, governance and family wealth solutions to asset managers, corporations, multinationals, as well as ultra-high-net-worth individuals. 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All Rights Reserved","SERVICES",[20,23,26,29,32],{"title":21,"link":22},"Governance","/governance",{"title":24,"link":25},"Corporate","/corporate",{"title":27,"link":28},"Funds","/funds",{"title":30,"link":31},"Family Wealth","/family-wealth",{"title":33,"link":34},"Digital Assets","/digital-assets","ABOUT",[37,40,43,46],{"title":38,"link":39},"Who We Are","/about-us",{"title":41,"link":42},"Our People","/our-people",{"title":44,"link":45},"Our Locations","/locations",{"title":47,"link":13},"Careers","RESOURCES",[50,53,56],{"title":51,"link":52},"Blogs & Insights","/resources",{"title":54,"link":55},"Newsletter","https://resources.boldergroup.com/newsletter-subscription",{"title":57,"link":14},"Guides","GET STARTED",[60,63,66,69,72],{"title":61,"link":62},"Set Up Fund","/set-up-fund",{"title":64,"link":65},"Set Up SPV/Company","/set-up-company",{"title":67,"link":68},"Set Up Trust","https://boldergroup.com/set-up-trust-foundation",{"title":70,"link":71},"Get Governance 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Products\u003C/span>\u003C/h1>\u003Cp>\u003Cspan>On 20 April, the Hong Kong Securities and Futures Commission (SFC) released updated circulars that clarify the regulatory framework governing the \u003C/span>\u003Cstrong>\u003Cspan>secondary trading of tokenised, SFC\u003C/span>\u003C/strong>\u003Cspan style=\"color: rgb(0, 0, 0);\">‑\u003C/span>\u003Cstrong>\u003Cspan>authorised investment products.\u003C/span>\u003C/strong>\u003Cspan> Importantly, these updates preserve the existing mechanisms for primary subscription and redemption, ensuring continuity for market participants. This guidance provides crucial regulatory certainty, demonstrating how tokenisation can be effectively integrated into a well\u003C/span>\u003Cspan style=\"color: rgb(0, 0, 0);\">‑\u003C/span>\u003Cspan>regulated secondary market. This formally allows secondary trading of tokenised products without diluting core investor protection whilst upholding robust investor protections.\u003C/span>\u003Cspan style=\"color: rgb(0, 0, 0);\"> \u003C/span>\u003C/p>\u003Ch2>\u003Cspan>What are the key stakeholder takeaways from the SFC’s latest tokenisation circular?\u003C/span>\u003C/h2>\u003Cp>\u003Cimg src=\"https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/content/Tokenisation-Ecosystem-Overview_v3.jpg\">\u003Cstrong>\u003Cspan>Product Providers \u003C/span>\u003C/strong>\u003Cspan> \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>With tokenisation expanding distribution and liquidity, product providers are also further expected to implement better governance, operational readiness, and transparency.\u003C/span>\u003Cspan style=\"color: windowtext;\"> \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Secondary liquidity is a managed outcome.\u003C/span>\u003C/strong>\u003Cspan> Issuers are expected to proactively design, implement and continuously monitor liquidity and market-making arrangements for secondary trading. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Regulatory engagement is part of product lifecycle management.\u003C/span>\u003C/strong>\u003Cspan> Providers are to have an early consultation and ongoing engagement with the SFC. This is critical not just at launch, but also for any material changes to tokenisation structures. Providers must implement escalation frameworks to immediately report material incidents (e.g. technology failures, disruptions in token ownership records or control issues). \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Disclosure must evolve accordingly. \u003C/span>\u003C/strong>\u003Cspan>Issuers must ensure that the offering documents go beyond traditional fund disclosures to clearly explain the available secondary trading channels, liquidity dynamics, price deviation risks, market making and potential trading suspensions or disruptions. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Primary market remains as the anchor of fair value. \u003C/span>\u003C/strong>\u003Cspan>Providers must maintain robust primary subscription and redemption mechanisms at official net asset value (NAV), ensuring a reliable price preference. They must also enable efficient fungibility and transferability of tokenized products across primary and secondary markets, to prevent fragmentation between tokenised and traditional units. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>End-to-end accountability remains with the issuer.\u003C/span>\u003C/strong>\u003Cspan> They remain fully accountable for product governance, operational integrity and investor outcomes. This also applies to where tokenisation functions are outsourced to third parties. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Authorisation status is continuous, not one-off. \u003C/span>\u003C/strong>\u003Cspan>Product providers must ensure that the underlying fund continues to comply with all SFC authorisation requirements. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Distributors\u003C/span>\u003C/strong>\u003Cspan> \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>For distributors, tokenisation does not simplify obligations, but it adds a new layer of complexity. As they are required to have stronger client communication, clearer disclosures and more secure integration between traditional fund distribution and digital trading infrastructure.  \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Enable informed client choice.\u003C/span>\u003C/strong>\u003Cspan> Distributors must clearly guide investors on the differences between primary and secondary trading, along with the relevant risks. They must ensure decisions are based on meeting client suitability, disclosure and investor-protection requirements. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Full compliance still applies.\u003C/span>\u003C/strong>\u003Cspan> Tokenised products must be distributed under the applicable SFC licensing and conduct requirements.  \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Primary dealing remains core.\u003C/span>\u003C/strong>\u003Cspan> Distributors must continue to process subscriptions and redemption requests, ensuring access to the primary market as the pricing anchor. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Virtual Asset Trading Platform Operators (VATPs) \u003C/span>\u003C/strong>\u003Cspan> \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>VATPs are not just execution venues as they are expected to actively safeguard pricing integrity, liquidity and transparency. This forms the backbone of a credible tokenised secondary market, as they oversee making sure of: \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Prioritizing fair pricing.\u003C/span>\u003C/strong>\u003Cspan> Platforms are expected to implement fair pricing safeguards, such as price deviation controls and alerts where trading prices materially diverge from indicative NAV (iNAV). \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Transparent pricing mechanisms.\u003C/span>\u003C/strong>\u003Cspan> They are required to provide clear disclosures on pricing. This is important to distinguish that primary market transactions are based on official NAV from the fund administrator, while secondary market prices are market-driven and may deviate. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Actively managing market makers\u003C/span>\u003C/strong>\u003Cspan>. VATPs must conduct due diligence and ongoing monitoring of market makers, including expectations on quoting, spreads and participation, as to guarantee consistent liquidity support. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Disseminating reliable NAV data.\u003C/span>\u003C/strong>\u003Cspan> Platforms must disseminate timely iNAV updates and the latest official NAV data, with transparent data sources and update frequency to enable informed price discovery among investors. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Safeguarding Investor onboarding. \u003C/span>\u003C/strong>\u003Cspan>VATPs must ensure appropriate risk disclosures and explicit investor acknowledgement regarding pricing, liquidity and market structure risks, before enabling secondary trading. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Full trading and surveillance standards.\u003C/span>\u003C/strong>\u003Cspan> VATPs must apply existing trading rules, risk controls and market surveillance measures to tokenised products, covering both pre-trade and post-trade monitoring to ensure fair and orderly markets. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Technology and Tokenisation Service Providers \u003C/span>\u003C/strong>\u003Cspan> \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Service providers are expected to deliver institution-grade, auditable and regulator-ready infrastructure whilst operating under the full accountability of product providers. Being an essential part of the tokenised fund structure, they: \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Operate as delegated infrastructure providers.\u003C/span>\u003C/strong>\u003Cspan> Technology and tokenisation service providers may perform key outsourced functions, such as token issuance, smart contract execution and ledger administration, but always within a framework defined and overseen by the product provider.  \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Do not assume regulatory responsibility.\u003C/span>\u003C/strong>\u003Cspan> Product providers remain accountable for governance, record-keeping and investor outcomes. This means that service providers must operate under strict oversight and clearly defined mandates. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Build for auditability, control, efficiency and resilience.\u003C/span>\u003C/strong>\u003Cspan> The infrastructure must support accurate and verifiable ownership records to ensure that regulators and product providers can validate holdings at any time. Tokenisation systems should also incorporate access controls and transfer restrictions to align with regulatory expectations around investor protextion and ownership certainty. While solutions must allow for regulatory access, oversight, inspection and protection are essential to mitigate operational and technology risks. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Fund Administrator – Key Role in a Tokenised Fund Structure\u003C/span>\u003C/strong>\u003Cspan> \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Although fund administrators are not the direct addressees of the SFC circulars, they are just as critical to making a tokenised fund operate smoothly, especially around NAV, register integrity and operational controls. They play a central enabling role in ensuring tokenised funds operate with the same integrity as traditional structures, as they: \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Anchor pricing on official NAV. \u003C/span>\u003C/strong>\u003Cspan>Administrators remain responsible for producing the official NAV for primary subscriptions/redemptions and must align NAV timing and data governance with all stakeholders. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Enable transparency without pricing the market.\u003C/span>\u003C/strong>\u003Cspan> By enabling reliable NAV/iNAV inputs and clear valuation cut-offs, administrators support informed secondary trading, without controlling secondary market prices. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Support controlled token lifecycle processes. \u003C/span>\u003C/strong>\u003Cspan>Administrators play a role in mint and burn workflows, ensuring proper segregation of duties, validation and governance controls are established. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Coordinate cross-party operations. \u003C/span>\u003C/strong>\u003Cspan>Effective tokenisation requires close coordination across product providers, distributors and VATPs. This includes data flows, cut-off times and exception handling. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Safeguard records and reconciliation. \u003C/span>\u003C/strong>\u003Cspan>Maintaining accurate books and records is critical. This includes reconciling on-chain token supply with the off-chain fund share register to ensure ownership consistency. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Cul>\u003Cli>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Support onboarding and compliance as necessary. \u003C/span>\u003C/strong>\u003Cspan>Where applicable, administrators may assist with investor onboarding, transaction processing and AML/KYC compliance checks for in-kind contributions. \u003C/span>\u003C/p>\u003C/li>\u003C/ul>\u003Ch2>\u003Cstrong>\u003Cspan>How Can the SFC’s Tokenisation Circular Affect You?\u003C/span>\u003C/strong>\u003Cspan style=\"color: rgb(0, 0, 0);\">\u003Cstrong> \u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan>The SFC’s framework clarifies that tokenisation is no longer experimental. It is already operational. However, success will depend on how quickly and effectively each stakeholder translates guidance into practice.  \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>The latest circular significantly expands Hong Kong’s tokenisation framework from focusing mainly on issuance and primary dealing to now supporting a secondary trading ecosystem for tokenised investment products. Much greater emphasis is placed on secondary market liquidity, pricing transparency, market monitoring, investor disclosures, and coordination across all stakeholders.  \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Ultimately, the framework signals a shift from tokenisation as a limited operational feature to tokenisation as part of a broader, institution-grade market infrastructure. The opportunity is clear, but so is the expectation to move early, align closely with regulators and build with control, transparency and investor protection at the core. From here on, initial action and proactive engagement with regulators are key to staying ahead.  \u003C/span>\u003C/p>\u003Ch2 style=\"text-align: justify;\">\u003Cspan>Partnering with Bolder Group\u003C/span>\u003C/h2>\u003Cp style=\"text-align: justify;\">\u003Cspan>With the SFC’s updated circular now in effect, stakeholders must move decisively to strengthen governance, enhance disclosures and ensure operational readiness across both primary and secondary markets. As tokenised products are realised, stakeholders increasingly need integrated operational, governance, and technology solutions.  \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>As an independent global service provider, Bolder delivers specialised, institutional-grade services for tokenisation and digital assets, bridging traditional finance with blockchain technology. Our team of experts offers an array of digital assets solutions to help you build early, build right, while navigating this next phase of tokenised markets with confidence. \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Ready to begin building with us? Contact our Bolder representatives \u003C/span>\u003Ca target=\"_blank\" rel=\"noreferrer noopener\" class=\"text-blue-600 underline Hyperlink SCXW110204750 BCX8\" href=\"https://boldergroup.com/contact-us/hong-kong\">\u003Cspan>\u003Cu>here\u003C/u>\u003C/span>\u003C/a>\u003Cspan> to get started. \u003C/span>\u003Cspan style=\"color: rgb(0, 0, 0);\"> \u003C/span>\u003C/p>","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/uploads/Cover-Card_Hong-Kong-SFC-latest-circular_v3.jpg","published","2026-05-07T18:36:00+08:00","Yuky Yu","Global Lead Digital Asset Service Delivery","yuky.yu@boldergroup.com","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/uploads/YUKY-YU-11.jpg",{"id":166,"name":388},"Gayzell","2026-05-07T18:51:01+08:00",[391,397,403],{"id":392,"title":393,"slug":394,"type":377,"image":395,"date":396},3030,"Bolder Group appoints new Global Head of Funds","bolder-group-appoints-new-global-head-of-funds","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/uploads/NXvuXm76qtnN38BUbt2LrodXC53z3Wcm9Y2faTpM.jpg","2022-10-24T08:38:00+08:00",{"id":398,"title":399,"slug":400,"type":377,"image":401,"date":402},3031,"Bolder and StegX: Partners in a digital real estate funds sector","bolder-and-stegx-partners-in-a-digital-real-estate-funds-sector","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/uploads/qKHVXPlaXHcrFLdhPrSl3HKpueMtxzYB2YhZGx9R.jpg","2022-11-08T04:36:00+08:00",{"id":404,"title":405,"slug":406,"type":377,"image":407,"date":408},3032,"Bolder Group x Accace: global payroll solutions with local focus","bolder-group-x-accace-global-payroll-solutions-with-local-focus","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/uploads/WIcbcZzeaEqwAWLwv7yWeMYrtCm6TwdrYMgMURL4.jpg","2022-12-15T07:27:00+08:00",{"previous":410,"next":107},{"id":411,"title":412,"slug":413},3766,"Why Malta is the Top Choice for Yachting & Aviation Structures in Europe","why-malta-is-the-top-choice-for-yachting-aviation-structures-in-europe",{"data":415,"links":465,"meta":469},[416,422,436,450],{"id":374,"title":375,"slug":376,"type":377,"overview":378,"content":379,"featuredImage":107,"thumbnail":380,"imageAlt":375,"readTime":160,"status":381,"publishedAt":382,"is_featured":4,"metaDescription":107,"contactFullName":383,"contactPosition":384,"contactEmail":385,"contactLinkedin":107,"contactImagePath":386,"contactDetails":107,"author":417,"createdAt":389,"relatedItems":418},{"id":166,"name":388},[419,420,421],{"id":392,"title":393,"slug":394,"type":377,"image":395,"date":396},{"id":398,"title":399,"slug":400,"type":377,"image":401,"date":402},{"id":404,"title":405,"slug":406,"type":377,"image":407,"date":408},{"id":423,"title":424,"slug":425,"type":377,"overview":426,"content":427,"featuredImage":107,"thumbnail":428,"imageAlt":424,"readTime":6,"status":381,"publishedAt":429,"is_featured":4,"metaDescription":107,"contactFullName":107,"contactPosition":107,"contactEmail":107,"contactLinkedin":107,"contactImagePath":107,"contactDetails":107,"author":430,"createdAt":431,"relatedItems":432},3763,"Bolder Group is now an ACCA Approved Employer","bolder-group-is-now-an-acca-approved-employer","Bolder Group is proud to share its global accreditation as an ACCA Approved Employer – Professional Development.","\u003Cp>Bolder Group is proud to share its global accreditation as an ACCA Approved Employer – Professional Development. ACCA (the Association of Chartered Certified Accountants), a globally recognised professional body, awards this recognition to firms that demonstrate a structured, ongoing commitment to professional learning, ethical standards and capability development.\u003C/p>\u003Cp style=\"text-align: justify;\">The accreditation reflects how Bolder Group continuously invests in strengthening the expertise of its people through structured training, mandatory compliance and ethics education, and continued professional development via ongoing education, seminars, and professional training programmes. These efforts are not static initiatives, but part of a wider framework designed to regularly review, challenge and improve how we work.\u003C/p>\u003Cp style=\"text-align: justify;\">For our clients, ACCA Approved Employer status provides clear assurance that professional development at Bolder is intentional and embedded—supporting consistent, well‑governed service delivery across jurisdictions. This reinforces our commitment to improving our capabilities in line with evolving regulatory and client expectations.\u003C/p>\u003Ch1 style=\"text-align: justify;\">About Bolder Group\u003C/h1>\u003Cp style=\"text-align: justify;\">Bolder Group is an independent global service provider of governance, corporate, funds, and family wealth solutions to asset managers, corporations, multinationals, and UHNWIs, with offices across the Americas, EMEA, and Asia.\u003C/p>","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/uploads/BH_Bolder-ACCA-Accreditation_V7.jpg","2026-04-15T17:23:00+08:00",{"id":166,"name":388},"2026-04-15T17:08:42+08:00",[433,434,435],{"id":392,"title":393,"slug":394,"type":377,"image":395,"date":396},{"id":398,"title":399,"slug":400,"type":377,"image":401,"date":402},{"id":404,"title":405,"slug":406,"type":377,"image":407,"date":408},{"id":437,"title":438,"slug":439,"type":377,"overview":440,"content":441,"featuredImage":107,"thumbnail":442,"imageAlt":107,"readTime":193,"status":381,"publishedAt":443,"is_featured":4,"metaDescription":107,"contactFullName":107,"contactPosition":107,"contactEmail":107,"contactLinkedin":107,"contactImagePath":107,"contactDetails":107,"author":444,"createdAt":445,"relatedItems":446},3761,"Bolder Group Launches BGX, Powered  by Hatcher+, to Advance Digital Fund  Administration","bolder-group-launches-bgx-powered-by-hatcher-to-advance-digital-fund-administration","Bolder Group has partnered with Hatcher+ to launch BGX, a modular digital fund administration platform powered by Hatcher+’s FAAST® (Funds-as-a-Service Technology).","\u003Cp>New platform reflects a shift toward a modular, ecosystem-driven platform that brings best-in-class technologies together under one unified environment\u003C/p>\u003Cp>\u003Cstrong>Singapore, Luxembourg [Mar. 31, 2026]\u003C/strong> — Bolder Group has partnered with Hatcher+ as its technology provider for the launch of \u003Cstrong>BGX, powered by Hatcher+\u003C/strong>, an enhanced digital fund administration platform designed to strengthen data integration, streamline reporting workflows, and enhance operational control across its global operations.\u003C/p>\u003Cp>The launch of \u003Cstrong>BGX, powered by Hatcher+\u003C/strong>, reflects a broader shift in the fund administration market. For years, administrators have invested heavily in building proprietary systems internally. While these initiatives addressed immediate operational needs, they often created fragmented technology stacks, duplicated workflows, and persistent development overhead. As LP expectations evolve toward structured data, standardized reporting, and greater transparency, administrators are reassessing whether continued in-house builds remain commercially efficient.\u003C/p>\u003Cp>\u003Cstrong>BGX, powered by Hatcher+\u003C/strong>, enhances Bolder Group’s core investor relations and compliance services by enabling faster access to reliable fund data, more consistent reporting outputs, and greater control over information flows. For clients, this means improved responsiveness to investor queries, clearer oversight, and stronger support for regulatory obligations.\u003C/p>\u003Cp>Hatcher+ FAAST® (Funds-as-a-Service Technology) provides the operating layer underpinning BGX. Hatcher+ works alongside administrators to review existing systems and data architecture, identifying where current platforms can be retained, strengthened, and better integrated. The objective is not to dismantle prior investment, but to reinforce it, connect fragmented components, and introduce structured automation where gaps exist.\u003C/p>\u003Cp>Through BGX, powered by Hatcher+, Bolder Group consolidates multi-entity fund data, improves reconciliation workflows, and standardizes LP-ready reporting outputs. The approach strengthens existing infrastructure while introducing a more structured and scalable operating framework.\u003C/p>\u003Cp>“For Bolder, BGX is not just about technology, but about delivering a unified operating platform for fund and investor services. It brings together fragmented systems into a single, scalable environment, enabling a ‘one client, one login’ experience across fund data, reporting, and compliance workflows. We believe Hatcher+ will play a key role in taking our fund services to the next level through advanced technology and scalable innovation,” \u003Cstrong>said Gerben Oldekamp, Chief Commercial Officer of Bolder Group\u003C/strong>.\u003C/p>\u003Cp>“BGX, owned and operated by Bolder, is a client-facing platform through which we integrate leading technologies into a broader ecosystem. Our partnership with Hatcher+ allows us to enhance data integrity, improve operational efficiency, and better support our clients in meeting investor expectations and managing risk as their funds grow.”\u003C/p>\u003Cp>\u003Cstrong>Javier Llamas, Chief Commercial Officer of Hatcher+, added:\u003C/strong> “Our FAAST platform allows critical new applications and data processing capabilities to be rapidly deployed to fund manager clients, operational control, data integrity, and service quality.”\u003C/p>\u003Cp>“We are delighted to be working with the innovative team at Bolder to provide the underlying infrastructure and connectivity layer that enables administrators and managers to integrate multiple AI, software, and data capabilities within Bolder’s unified platform environment.”\u003C/p>\u003Cp>Implementation of the platform has already commenced across Bolder Group's global operations, with full rollout expected to conclude in the fourth quarter of 2026.\u003C/p>\u003Ch1>About Bolder Group\u003C/h1>\u003Cp>Bolder Group is an independent global service provider of corporate, funds, governance and family wealth solutions to asset managers, corporations, multinationals, as well as ultra-high-net-worth individuals. Bolder is present in 20 countries. For more information, please visit \u003Ca target=\"_blank\" rel=\"noopener noreferrer\" class=\"text-blue-600 underline\" href=\"http://www.boldergroup.com\">www.boldergroup.com\u003C/a>\u003C/p>\u003Ch1>About Hatcher Plus\u003C/h1>\u003Cp>Hatcher Plus (\"Hatcher+”) develops AI-driven software and data models that power modern fund management. Its FAAST® (Funds as a Service Technology) platform combines AI, legaltech, business process automation, and global partnerships with leading service providers to enable fast and efficient creation of investment vehicles, asset and portfolio management, AI-powered multi-system reconciliation and blockchain-enabled real-time reporting for investors. For more information, please visit \u003Ca target=\"_blank\" rel=\"noopener noreferrer\" class=\"text-blue-600 underline\" href=\"https://hq.hatcher.com\">https://hq.hatcher.com\u003C/a>.\u003C/p>\u003Cp>\u003C/p>\u003Cp>For media inquiries, please contact:\u003C/p>\u003Cp>\u003Cstrong>Javier Llamas\u003C/strong>\u003C/p>\u003Cp>Chief Commercial Officer, Hatcher+\u003C/p>\u003Cp>Email: \u003Ca target=\"_blank\" rel=\"noopener noreferrer\" class=\"text-blue-600 underline\" href=\"mailto:javier@hatcher.com\">javier@hatcher.com\u003C/a>\u003C/p>\u003Cp>\u003C/p>\u003Cp>\u003Cstrong>Gerben Oldekamp\u003C/strong>\u003C/p>\u003Cp>Chief Commercial Officer, Bolder Group\u003C/p>\u003Cp>Email: \u003Ca target=\"_blank\" rel=\"noopener noreferrer\" class=\"text-blue-600 underline\" href=\"mailto:gerben.oldekamp@boldergroup.co\">gerben.oldekamp@boldergroup.com\u003C/a>\u003C/p>","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/uploads/24819612-bgx-powered-by-hatcher-1200x628.png","2026-04-01T20:38:00+08:00",{"id":166,"name":388},"2026-03-27T11:51:40+08:00",[447,448,449],{"id":392,"title":393,"slug":394,"type":377,"image":395,"date":396},{"id":398,"title":399,"slug":400,"type":377,"image":401,"date":402},{"id":404,"title":405,"slug":406,"type":377,"image":407,"date":408},{"id":451,"title":452,"slug":453,"type":377,"overview":454,"content":455,"featuredImage":107,"thumbnail":456,"imageAlt":452,"readTime":184,"status":381,"publishedAt":457,"is_featured":4,"metaDescription":107,"contactFullName":107,"contactPosition":107,"contactEmail":107,"contactLinkedin":107,"contactImagePath":107,"contactDetails":107,"author":458,"createdAt":460,"relatedItems":461},3760,"Bolder Group Appoints Michael Pang as Managing Director, Head of North Asia – Alternative Investments","bolder-group-appoints-michael-pang-as-managing-director-head-of-north-asia-alternative-investments","Bolder Group strengthens North Asia Leadership with the appointment of Michael Pang as Managing Director, Head of North Asia – Alternative Investments.","\u003Cp>\u003Cspan>Hong Kong, 25 March 2026 — Bolder Group today announced the appointment of Michael Pang as Managing Director, Head of North Asia – Alternative Investments.\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>In this role, Michael will lead Bolder’s strategy across North Asia, deepening relationships with asset managers, general partners and family offices while supporting the continued expansion of the firm’s alternative investment platform.\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Michael brings more than two decades of experience across asset management, alternative investment structures and capital markets. He has played a key role in shaping Bolder’s regional strategy and has built strong relationships with investment managers and institutional clients across the region.\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Commenting on the appointment, Gerben Oldekamp, Chief Commercial Officer at Bolder Group, said: “The region continues to see strong momentum across alternative investment strategies. Michael’s experience, market insight and deep understanding of the investment community position him well to drive our continued expansion in North Asia.”\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Michael Pang added, “As investment managers scale across jurisdictions and strategies, the need for resilient and scalable operating platforms continues to grow. At Bolder, our focus is to support clients with robust infrastructure and institutional‑grade solutions so they can concentrate on generating alpha and delivering strong outcomes for investors.”\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>In addition to traditional alternative investment strategies, Michael will support clients operating within the evolving digital asset ecosystem, including blockchain‑enabled investment structures, Web3 platforms and tokenised real‑world asset initiatives, reflecting the growing convergence between traditional capital markets and next‑generation financial infrastructure.\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>“We are investing in next-generation capabilities including blockchain-enabled infrastructure, tokenisation and real-world asset innovation, which we believe will play an increasingly important role in the future of global capital markets,” he shared.\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Asia Pacific continues to see strong growth across hedge funds, private equity, venture capital and systematic investment platforms, alongside increasing participation from family offices and institutional investors. These trends are driving demand for robust operational infrastructure, governance frameworks and institutional-grade fund services.\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan> \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>About Bolder Group\u003C/span>\u003C/strong>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Bolder Group is an independent global service provider of corporate, funds, governance and family wealth solutions to traditional & digital asset managers, corporations, multinationals, as well as ultra-high-net-worth individuals. Bolder is present in 20 countries across the Americas, EMEA and Asia.\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan> \u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>For inquiries, please contact:\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cstrong>\u003Cspan>Jeroen van Zanten\u003C/span>\u003C/strong>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Ca target=\"_blank\" rel=\"noopener noreferrer\" class=\"text-blue-600 underline\" href=\"mailto:jeroen.vanzanten@boldergroup.com\">\u003Cspan>jeroen.vanzanten@boldergroup.com\u003C/span>\u003C/a>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Global Head of Growth, Marketing & Communications\u003C/span>\u003C/p>\u003Cp style=\"text-align: justify;\">\u003Cspan>Bolder Group\u003C/span>\u003C/p>","https://boldergroup.sgp1.cdn.digitaloceanspaces.com/articles/uploads/GFX-SP-Michael-Pang-Announcement-3.png","2026-03-25T11:42:00+08:00",{"id":193,"name":459},"Development PRAXXYS","2026-03-25T10:31:19+08:00",[462,463,464],{"id":392,"title":393,"slug":394,"type":377,"image":395,"date":396},{"id":398,"title":399,"slug":400,"type":377,"image":401,"date":402},{"id":404,"title":405,"slug":406,"type":377,"image":407,"date":408},{"first":466,"last":467,"prev":107,"next":468},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=1","https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=32","https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=2",{"current_page":6,"from":6,"last_page":327,"links":470,"path":511,"per_page":199,"to":199,"total":512},[471,474,476,478,481,484,487,490,493,496,499,502,504,507,509],{"url":107,"label":472,"page":107,"active":473},"« Previous",false,{"url":466,"label":475,"page":6,"active":4},"1",{"url":468,"label":477,"page":184,"active":473},"2",{"url":479,"label":480,"page":193,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=3","3",{"url":482,"label":483,"page":199,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=4","4",{"url":485,"label":486,"page":205,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=5","5",{"url":488,"label":489,"page":154,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=6","6",{"url":491,"label":492,"page":160,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=7","7",{"url":494,"label":495,"page":166,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=8","8",{"url":497,"label":498,"page":172,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=9","9",{"url":500,"label":501,"page":178,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=10","10",{"url":107,"label":503,"active":473},"...",{"url":505,"label":506,"page":321,"active":473},"https://admin.boldergroup.com/api/articles?type=update&per_page=4&page=31","31",{"url":467,"label":508,"page":327,"active":473},"32",{"url":468,"label":510,"page":184,"active":473},"Next »","https://admin.boldergroup.com/api/articles",125,1778151159973]