TechFlow news, September 21 — According to the Hong Kong Economic Times, Stanley Chan, former CEO of New World Development and eldest grandson of Chow Tai Fook founder Dr. Cheng Yu-tung, has gradually stepped down from multiple family business roles since last year. He has now announced the establishment of ALMAD Group, a conglomerate dedicated to Web3 financial innovation. The group will explore investments in digital assets and real-world asset (RWA) tokenization, as well as applications of blockchain technology and immersive digital experiences across various industries.
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