TechFlow News — On January 22, according to a Hong Kong Stock Exchange announcement, Hong Kong-listed property company Tak Cheung Estate intends to explore RWA tokenization transformation. It has issued 11.5 million shares and 130 million shares to Wu Jiezhuan, member of the Election Committee constituency of the Hong Kong Legislative Council, and Regal Group respectively, raising over HK$160 million. Additionally, warrants have been issued to Regal Group, enabling an additional fundraising of HK$307 million. Wu Jiezhuan stated that the current total size of the digital asset market is only USD 3 trillion, smaller than the market capitalization of a single large-cap stock. RWA accounts for merely around 7% of this, and real estate RWA represents an even smaller fraction, indicating the sector is still in its early stages of development.
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