Nature's NFTs? How These Companies Fractionalize Rare Woods From Trees For Global Trade - Geely Automobile Hldgs (OTC:GELYF)

Core Viewpoint - Chinese companies are exploring the tokenization of rare Huanghuali trees and other commodities to address liquidity challenges in various industries [1][2]. Group 1: Tokenization of Huanghuali Trees - Firms in Hainan are capturing images of Huanghuali trees to convert them into digital assets, which could provide essential capital to industries facing cash flow issues [2]. - Geely Technology Group plans to generate $13 million through an initial tranche of tokens to be launched in Hong Kong, with each tree assigned a distinct value based on size and quality [3]. Group 2: Broader Tokenization Efforts - The digitization process extends beyond trees, with other Chinese goods like fine tea and high-end baijiu liquor also being converted into digital assets [4]. - Tokenization has become a significant focus in decentralized finance, with major institutions like BlackRock and JPMorgan actively developing projects in this sector [5].