Geely Technology to Issue 100 Million RMB Real-World Asset (RWA) Tokens in Hong Kong Backed by Rare Hainan Huanghuali Wood
In a December 19 report cited by The Paper, Geely Technology Group, the technology arm of Geely Auto, is pursuing the tokenization of a rare Hainan Huanghuali timber asset into Real World Asset (RWA) tokens.
Zhao Xiaobao, Geely Tech’s Chief Representative in Hainan, said the initiative could unlock liquidity for industries facing cash flow pressure.
The group plans to issue the first RWA token tranche in Hong Kong in the coming months, targeting a fundraising level of 100 million RMB.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Outshines Bitcoin Even As Price Remains Stuck Under $3,000
New Malware Poses as Roblox Mods to Steal Crypto Credentials
Whale Sells 255 BTC, Opens $77.4 Million Short Position on Bitcoin and Ethereum as BTC Slides Below $87,000
Ripple (XRP) ETF Hype Underwhelms, GeeFi (GEE) Keeps Market’s Attention as Presale Surpasses $1.4M Raised
Trending news
MoreCrypto prices
More
