Dr. Thomas Zhu Profile
Co-founder and CEO of AlloyX Group

Dr. Thomas Zhu is the Co-founder and Chief Executive Officer of AlloyX Group (NASDAQ: AXG). He is also the Chief Digital Asset Advisor at China Asset Management (Hong Kong), the city's largest Chinese asset management firm (AUM over USD460 billion). Formerly, he served as Responsible Officer, Head of Digital Assets, and Head of Family Office Business at the ChinaAMC (HK), where he oversaw initiatives spanning stablecoin treasury management, crypto ETFs, fund tokenization, and central bank digital currency (CBDC) sandboxes.
In 2025, Dr. Zhu led the launch of Asia’s first approved RWA (a compliant retail tokenized money market fund), marking a milestone in the region’s financial innovation. In 2024, he spearheaded the issuance of Asia’s first and largest Bitcoin and Ethereum spot ETFs. The previous year, he established the Asia RWA Workgroup to foster the tokenization of real-world assets and provide consultation for the Hong Kong Stablecoin Bill.
Before joining China Asset Management, Dr. Zhu was an Executive Director at Goldman Sachs, where he successfully completed over 100 IPOs and financing transactions across New York, Boston, and Hong Kong—including landmark deals for Alibaba, Pinduoduo, Xiaomi, and Meituan. He also served as an Independent Non-Executive Director of China New Economy Fund Ltd (0080.HK), participating in the Audit, Remuneration, and Nomination Committees.
Dr. Zhu earned his Doctorate in FinTech from The Hong Kong Polytechnic University. He is the lead author of the first Chinese-language book on Real World Asset tokenization, published by the Ministry of Finance Publishing House of China, with an English edition released by Springer Nature, the world’s largest academic publisher. Dr. Zhu is the Founder and President of the Asia Blockchain Policy Institute,dedicated to advancing research and analysis of global digital asset policy developments. He is also a member of the Entrepreneurship Committee Advisory Group and serves as a vetting judge for the Cyberport Incubation Fund, contributing his expertise to support innovation in Asia’s digital economy.

AlloyX Group (NASDAQ: AXG) is a fintech company specializing in global stablecoin issuance, payments and asset tokenization. The company is committed to bridging traditional brokerage and banking payment services with blockchain technology, delivering secure and efficient solutions for stablecoin payments, investments, and asset tokenization. Backed by leading institutional investors, AlloyX Group aims to become a global leader in digital finance infrastructure. AXG website: www.alloyx.com.
A. 2024 - 2025 News Reports:
-
China Daily: Asia’s first spot crypto ETFs to debut in Hong Kong Tuesday
-
China Asset Management: Collaborates with Multiple Institutions to Participate in the HKMA’s Project Ensemble Sandbox, Exploring Fund Tokenization Use Cases
-
China Asset Management: backs Visa and ANZ in Phase 2 of HKMA’s e-HKD Pilot Programme
-
Visa: Visa and ANZ selected for Phase 2 of HKMA’s e-HKD Pilot Programme
-
Yahoo Finance: ChinaAMC launches Hong Kong's first retail tokenised money market fund in Web3 push
-
FinTech Times: Standard Chartered Custody Backs New Tokenised MMF to Boost DeFi Yields
-
CoinDesk: Polygon, Standard Chartered Enlisted for AlloyX Tokenized Money Market Fund
B. 2024 - 2025 Publications:
-
Springer: RWA Tokenisation in Web 3.0 Era
-
China Forex: Review and Outlook: Hong Kong Web 3.0 Ambition
-
Visa: Transforming Global Payments: The Role of Tokenized Money & Funds in Cross-Border Transactions
C. 2024 - 2025 Interviews:
-
CNBC: Crypto ETF trading in Hong Kong will attract different types of investors
-
Nasdaq TradeTalks: Steps the Sell Side Can Take to Better Address the Buy Side's Needs and Effectively Capture Their Interest in Tokenization
-
Hong Kong Business High Flyers Awards 2026:

