1 hour ago
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Key Takeaways
- Weekend trades lack a redemption anchor to NAV
- Buyers hold a claim on PantherTrade, not shares
- Orders outside a ±4% price band are rejected
- Bank withdrawals wait for business days
The Securities and Futures Commission said on October 26 that secondary trading had begun in the Class F tokenized shares of both funds, under rules it set out in an April 20 circular. Retail and professional investors who pass the platform’s onboarding checks can take part.
Why weekends are the weak spot
Until now, holders could only subscribe or redeem directly with the fund, at a net asset value (NAV) set once per dealing day. The new market lets them trade tokens with each other at whatever price buyer and seller agree. On a normal weekday the two prices stay close, because anyone who finds tokens trading well below NAV can buy them and redeem at full value.
That link breaks when dealing stop...
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