Core Viewpoint - Derlin Holdings (01709) is actively developing and expanding its digital asset strategy, focusing on the tokenization of private equity investments in well-known tech companies such as ByteDance, Kraken, and E-Self.AI, as well as limited partnership funds related to Derlin Tower and Animoca Brands [1][3] Group 1: Investment Details - The company has acquired approximately $5.7 million in private equity investments through various investment funds or special purpose vehicles (SPVs) for future RWA tokenization purposes [1] - The indirect investment in ByteDance amounts to about $2 million, with an implied valuation of approximately $315 billion [1] - The indirect investment in Kraken is around $3 million, with an implied valuation of about $15 billion [2] - The indirect investment in E-Self.AI is approximately $700,000, with an implied valuation of around $21 million [2] Group 2: Tokenization Strategy - The company plans to implement tokenization of the SPVs holding these investments, collaborating with Asseto Holdings Limited to utilize blockchain technology for ownership structure representation [3] - The strategic rationale for the RWA tokenization plan includes enhancing transparency, increasing liquidity for traditionally illiquid private equity investments, and achieving efficient asset management [3] - The anticipated tokenization of these investments is expected to improve operational efficiency and potentially unlock future value from high-growth tech assets [3] Group 3: Regulatory and Development Updates - The company is working towards regulatory approval for the tokenization of limited partnership interests in Derlin Tower and Animoca Brands [4] - The expected timeline for entering the technical deployment and compliance phase for Derlin Tower LPF RWA tokenization is Q4 2025, with a goal to launch token distribution and platform operations in early 2026 [4] - The Animoca Brands LPF tokenization project has received support from Ripple Labs and has been approved for the Hong Kong Cyberport "Blockchain and Digital Asset Pilot Funding Scheme" [5] Group 4: Market Impact - The tokenization of traditionally locked limited partnership interests into digital tokens allows investors greater flexibility in asset allocation while ensuring compliance [6] - This development significantly reduces transaction costs and time, opening new liquidity channels for the multi-trillion-dollar global private equity market [6] - The company's efforts highlight its commitment to combining real estate assets and innovative private equity fund tokenization with cutting-edge blockchain technology to enhance transparency, liquidity, and accessibility [6]
德林控股(01709)：专注于字节跳动、Kraken及eSelf AI等知名科技公司私募股权的代币化