TechFlow news, September 9: According to a Hong Kong Stock Exchange announcement, China Singularity Guofeng Holdings Limited announced that its shareholders have authorized the company's baijiu raw liquor and its held company shares as underlying assets to be tokenized on ADG, a decentralized RWA issuance and management platform on Binance Smart Chain. The project plans to initially issue a total of HK$500 million in real-world asset tokens (RWA), with the first phase issuing HK$100 million.
The announcement stated that this asset tokenization aims to expand global financing channels, enhance brand value, and promote the company's digital transformation.
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