Hong Kong · IVV
If you live in Hong Kong and want exposure to iShares Core S&P 500 ETF (IVV), you no longer need a US brokerage account. Through tokenized stocks on GM Markets, investors in Hong Kong can buy IVV backed 1:1 by real shares, funded with stablecoins, from just $1. As of the latest update, IVV trades around $745.75 (about HK$5,848 at recent exchange rates). This guide covers how it works, what it costs, the risks to weigh, and what Hong Kong investors specifically should know.
About the fund
IVV is an exchange-traded fund that holds the stocks in the S&P 500 index, giving single-trade exposure to about 500 of the largest US companies weighted by market value. It is a passive index fund that seeks to track the index's performance before fees rather than to outperform it.
The bull case
Investors favor IVV for low-cost, diversified exposure to US large-cap equities, strong liquidity, and its role as a core long-term portfolio holding.
Key risks
IVV bears the full market risk of US large caps and can drop sharply in downturns, it is concentrated in its biggest holdings and weighted toward the technology sector, and it offers no cushion against broad market declines.
For Hong Kong investors
Hong Kong investors have enjoyed broad access to US equities through local and international brokers, alongside dual-listed names and ADRs, while still handling currency conversion and custody. Tokenized US stocks provide a further option, offering direct 1:1 exposure to the underlying share, held in self-custody from roughly $1.
Compare your options
How tokenized assets compare with the traditional routes a non-US investor would otherwise use.
| Route to IVV | Minimum | You fund with | Who holds it | From Hong Kong |
|---|---|---|---|---|
| Tokenized on GM Markets | From $1 | Stablecoins (USDC) | Your own wallet | Open to Hong Kong |
| Local stockbroker | Often a whole share | HKD | Broker holds | Limited US coverage |
| International broker | Often hundreds of USD | HKD converted to USD | Broker holds | Varies, may gate residents |
| ADR or local listing | Whole-share price | HKD | Broker holds | Only some US stocks |
Step by step
Create a wallet
GM Markets is non-custodial, so you connect a self-custody wallet and keep your own keys. There is no lengthy brokerage onboarding.
Fund with USDC
Add USDC to your wallet. GM Markets settles trades in stablecoins, so this becomes your buying power.
Find IVV
Search for iShares Core S&P 500 ETF (IVV) in the GM Markets terminal to see the live order book and chart.
Place your order
Buy from as little as $1 with a market or limit order. Your IVV token is backed 1:1 by a real share held at a regulated issuer.
Hold, trade, or redeem
Your position settles on-chain and is yours. Sell any time, or hold for exposure to IVV.
Funding
FAQ
Nearby
See the full iShares Core S&P 500 ETF guide or trending stocks in Hong Kong.
Trading involves risk, including possible loss of principal. The value of tokenized assets and perpetual positions can fall as well as rise, and past performance is not indicative of future results. Perpetual futures are leveraged products and may not be suitable for every user.
GM Markets does not offer its product or services to users in the United States, or in any other restricted jurisdiction.
GM Markets does not provide financial, investment, tax, or legal advice. All investments carry risk including the loss of principal. Past performance does not guarantee future returns.
