Advertisement
Fintech
Business

Hong Kong and Malaysian firms roll out US$150 million tokenised AI infrastructure fund

‘World’s first’ global-grade AI infrastructure tokenised fund gives investors access to growing demand from Asean: Tykhe and Skyvast

Reading Time:2 minutes
Why you can trust SCMP
The launch comes after Hong Kong unveiled a five-year fintech strategy earlier this month, pledging to advance AI and tokenisation initiatives. Photo: Shutterstock
Aileen Chuang
Hong Kong-based Tykhe Capital Group and Malaysia’s Skyvast Digital have launched a US$150 million tokenised fund that offers investors exposure to artificial intelligence infrastructure, using an innovative arrangement designed to share project revenues and boost liquidity.

SKYD Token was “the world’s first global-grade AI infrastructure tokenised fund”, Tykhe’s subsidiary, Pioneer Asset Management, and AI infrastructure developer Skyvast said in a press release on Monday.

The fund will provide investors a direct share in 15 per cent of revenue generated by Skyvast, which builds and operates data centres, off-grid digital campuses and high-performance computing estates. Subscriptions start from US$1,000.
Advertisement

“This model combines the upside potential of project revenue with the liquidity and accessibility of a tokenised security, all within a structured regulatory framework in Hong Kong,” the release said.

The model combines the upside potential of project revenue with the liquidity and accessibility of a tokenised security, according to Tykhe’s subsidiary, Pioneer Asset Management. Photo: Handout
The model combines the upside potential of project revenue with the liquidity and accessibility of a tokenised security, according to Tykhe’s subsidiary, Pioneer Asset Management. Photo: Handout
The launch comes after Hong Kong unveiled a five-year fintech strategy earlier this month, pledging to advance AI and tokenisation initiatives to strengthen the city’s position as a leading digital-finance hub. The move also reflects the rapid growth of tokenised funds globally to capture liquidity, increase efficiency and reduce costs.
Advertisement
Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x