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Delin Holdings Group is expected to become the first licensed securities firm in Hong Kong, and plans to put physical assets worth up to HK$500 million on the blockchain
Odaily 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 give part of them to qualified shareholders of Delin Holdings, compliant users of Delin Securities and certified users of its technology financial platform NeuralFin in a compliant distribution, 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 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 over-the-counter (OTC) cryptocurrency transactions; providing professional asset management and family office services for OTC and/or cryptocurrency mining customers.
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