Derlin Holdings Plans Tokenization of Assets Worth Up to HKD 500 Million

According to Foresight News, Derlin Holdings (01709.HK) has announced plans to tokenize assets valued at up to HKD 500 million. The assets include certain interests located on Wellington Street in Central, Hong Kong, and three funds managed by the group. The tokenization project will utilize blockchain infrastructure provided by Asseto and will distribute tokens in a compliant manner to eligible shareholders, compliant users of Derlin Securities, and verified users of the NeuralFin platform. The total distribution amount will not exceed HKD 60 million. The implementation of this project is pending final approval from the Hong Kong Securities and Futures Commission. The initiative aims to accelerate the transformation of traditional financial services onto the blockchain, offering pioneering and integrated value to Hong Kong's financial market.