Eddid Financial upgrades to Type 1 license, enabling expansion into RWA distribution business

Jinse Finance reported that Ed Financial announced its subsidiary, Ed Securities & Futures, has received approval from the Hong Kong Securities and Futures Commission to upgrade its Type 1 regulated activity license. The company will actively expand into the Real World Asset (RWA) tokenization sector, and with the approval to distribute tokenized securities, its product range will further extend to cover cryptocurrencies, as well as traditional and digital securities. It is reported that Ed Financial had previously partnered with Tian Shi Resources to launch Hong Kong's first silver RWA project, supporting the tokenization of silver assets through blockchain technology.