TechFlow, October 13 — According to disclosure by Delin Holding Group Limited, a listed company on the Hong Kong stock exchange, the company plans to tokenize approximately USD 40 million (equivalent to about HKD 312 million) of real estate assets from its held ONE Carmel Class B membership interests into real-world assets (RWA), aiming to provide special dividend distributions to shareholders.
The tokenization project involves the ONE Carmel residential development located in the United States. Delin Holding believes the asset holds significant potential for future tokenization and can support the group's digital finance and blockchain initiatives. The tokenization process will establish a compliant digital asset issuance framework, holding the Class B membership interests through a special purpose vehicle or trust and digitizing them into security tokens.
