Hong Kong's first RWA-licensed securities firm, Delen, has announced its plan to tokenize up to HK$500 million of real-world assets.
BlockBeats News, July 9th, Drin Holdings Group (1709.HK) announced on July 9th that it has made substantial progress in the real-world asset (RWA) tokenization project in collaboration with the leading fintech company Asseto Fintech Limited (Asseto). Following the signing of a strategic cooperation memorandum on June 30th, Drin Holdings is expected to become the first licensed securities firm in Hong Kong to independently implement a commercial real estate tokenization project. It plans to transform real-world assets worth up to 500 million Hong Kong dollars into digital equity through blockchain technology and to distribute a portion of it in a compliant manner to eligible Drin Holdings shareholders, Drin Securities compliant users, and certified users of its affiliated fintech platform NeuralFin, with a maximum distribution amount of 60 million Hong Kong dollars.
The first batch of assets to be tokenized includes several equities of Drin Building in Central and asset equities of three group-managed funds. The project will rely on Asseto's blockchain infrastructure to achieve compliant on-chain mapping and compliant tokenization, and is currently actively communicating with the Hong Kong Securities and Futures Commission regarding asset management license application and operational details.
Drin Holdings stated that this move not only reflects the company's commitment to shareholders and customers but also brings direct asset income potential to participants. Unlike traditional cash or dividend distributions, this distribution allows participants to directly hold on-chain assets, enjoy greater transparency and liquidity, and participate in the new generation of digital financial ecosystems. In addition, this project will achieve the first compliance-bound between shareholder identity and digital asset equity, providing shareholders with an innovative experience through blockchain technology, exploring new models for future shareholder participation and digital interaction.
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