Odaily Planet Daily News According to official news, Delin Holdings Group (1709.HK) issued an announcement on the Hong Kong Stock Exchange stating that the real world asset (RWA) tokenization project in cooperation with financial technology company Asseto Fintech Limited (Asseto) has made substantial progress. After the two parties signed a strategic cooperation memorandum on June 30, Delin Holdings is expected to become the first licensed securities firm in Hong Kong to independently implement commercial property tokenization. It plans to convert physical assets worth up to HK$500 million into digital rights through blockchain technology, and will distribute part of them to qualified shareholders of Delin Holdings, compliant users of Delin Securities and certified users of its technology financial platform Synaptic Technology (NeuralFin) in a compliant manner, with a maximum distribution amount of HK$60 million.
In addition, Delin Holdings has also planned to apply for a Hong Kong stablecoin license, and will accelerate the synergy between its "Synaptic Technology (NeuralFin)" AI application and Asseto.
According to previous news, Delin Holdings and ViaBTC have reached a strategic cooperation intention and plan to carry out in-depth cooperation in multiple fields, including: jointly conducting cryptocurrency over-the-counter (OTC) transactions; providing professional asset management and family office services for OTC and/or cryptocurrency mining customers.