近年来区块链技术的应用不断深入，真实世界资产（RWA）的代币化，渐渐成为了金融创新的重要方向， 在这样的背景之下，香港W酒店，把部分客房以RWA形式拆分融资这件事，变成了业内一次很有标志意义的探索。 这并不，只是针对高端酒店资产开展颗粒化运营的前沿实践，并且还依靠一套清晰且合理的共营， 共赢激励体系，给传统重资产行业找到了新的价值路径。 很多人把这模式简单当作「百美元成为奢华酒店股东」， 可这没抓住要害之处， 它真正的突破，在于搭建起一套特别透明、稳定且能一直持续的奖励机制， 让投资者的回报和酒店的实际运营成果紧密关联，而这个机制主要通过下面四个方面来实现内在平衡 收益来源的立体化布局 奖励资金全部源自酒店真实的运营收入，并且会依照业务板块动态地进行分配 整体收益由于这样的多元构成而更能抵御波动， 就算某一个业务受到季节或者市场的影响，其他板块也可以发挥缓冲的作用，确保分红来源一直存在。 基于"使用效能"的动态分配机制 模式并非运用，固定比例来开展分红操作， 而是别出心裁地加入了资产使用率当作调节变量，每日可以进行分红的总额是，借助这样的途径来动态确定的。 而且这一设计实现了双重作用， 透明即时的结算与灵活退 ...

来源：鹰瞻财经HawkInsight 2025年12月9日，Hashkey Holdings Limited（股票代码：http://）正式启动香港IPO公开招股，拟全球发 售2.406亿股，其中10%用于香港公开发售。招股价区间为每股5.95至6.95港元，每手400股，入场费约 2,808港元，预计将于12月17日正式挂牌。 | HASHKEY | | --- | | HashKey Holdings Limited | | (於開曼群島註冊成立的有限公司) | | [编纂] | | [编纂]項下的[编纂]數目 : [编纂](视乎[編纂]及[编纂]行使與否而 定) | | [编纂]數目 : [编纂](可予重新分配及視乎[編纂]行使 與否而定) | | [编纂]數目 : [编纂](可予重新分配及視乎[編纂]及[编 | | 纂]行使與否而定) | | 最高[編纂] : 每股[編纂][編纂]港元,另加1％經 | | 紀佣金 · 0.0027％證監會交易微費 · | | 0.00565% 鄂交所交易量及0.00015% | | 會財局交易徵費(須於[編纂]時以港元 | | 繳足,多繳股敷可予退還) | | 面值 ...

平台将重点解决资产代币化过程中的关键技术问题，包括资产确权、价值评估、合规架构和风险管理等方面。通过标准化流程和智能化工具，降低传统资产 进入数字领域的门槛。 据悉，ETHZ（瑞士苏黎世联邦理工学院区块链研究中心）将于近期推出专门面向现实世界资产的合规代币化平台。该平台计划于今年11月下旬至12月期间 正式上线运营，旨在为传统资产提供符合监管要求的数字化解决方案。 平台定位与技术特色 该平台将专注于构建符合瑞士及欧盟监管框架的RWA（真实世界资产）代币化基础设施。借助ETHZ在区块链技术研发方面的深厚积累，平台计划采用模块 化架构设计，能够根据不同资产类别和监管要求进行灵活配置。 合规创新与监管协同 ETHZ作为欧洲领先的区块链研究机构，此次推出合规RWA平台具有重要意义。一方面体现了学术研究向商业应用的转化，另一方面也为行业发展提供了技 术标准参考。 该平台的推出将进一步推动区块链技术与实体经济的深度融合，为传统资产的数字化转型提供可复制的解决方案。同时，其合规先行的理念也为行业健康发 展树立了良好示范。 未来展望 值得关注的是，该平台将严格遵循瑞士金融市场监督管理局（FINMA）的相关规定，并充分考虑欧盟 ...

Core Viewpoint - The company has entered into a non-binding term sheet with Kimber Labs Inc. to explore potential tokenization projects for real-world assets (RWA), indicating a strategic move into the RWA sector [1][2] Group 1: Company Strategy - The company will advise Kimber Labs on suitable RWAs and potential asset issuers for tokenization, focusing on areas such as renewable energy, housing, and intellectual property [1] - The collaboration with Kimber Labs aims to enhance the company's expertise and project execution efficiency in the RWA field [1] Group 2: Market Potential - The company recognizes the growth potential of the RWA business, with RWA financing expected to become a major source of funding [2] - According to a market report by Research and Markets, the RWA tokenization market is projected to reach $1.07 billion by 2029, with a compound annual growth rate (CAGR) of 12.5% [2] - The Hong Kong Monetary Authority is promoting the application of cryptocurrencies, marking significant progress in the practical application of tokenization technology within the financial industry [2]

Group 1 - The company has entered into a non-binding term sheet with Kimber Labs Inc. to explore potential tokenization projects for real-world assets (RWA) [1] - The company's main responsibilities include recommending eligible RWAs and potential asset issuers to Kimber Labs for on-chain tokenization and revenue distribution [1] - Kimber Labs will provide necessary infrastructure, technical interfaces, and ecosystem resources for the tokenization and on-chain deployment of the recommended assets [1] Group 2 - The company sees growth potential in the RWA business, considering it a major source of financing due to increasing global institutional acceptance of digital assets [2] - According to a market report by Research and Markets, the RWA tokenization market is expected to reach $1.07 billion by 2029, with a compound annual growth rate of 12.5% [2] - The Hong Kong Monetary Authority is promoting the development of cryptocurrency applications, marking significant progress in the practical application of tokenization technology in the financial industry [2]

Core Viewpoint - 德祥地产 has signed a share subscription agreement with The Reynold Lemkins Group, which will result in the latter holding approximately 10% of the expanded share capital of 德祥地产 after completion [1] Group 1: Financial Impact - Following the announcement, 德祥地产's stock surged by 54.76% on November 25, closing at HKD 1.3, with trading volume increasing to HKD 67.01 million [2] - The total expected proceeds from the share issuance are approximately HKD 70 million, with specific allocations planned for various strategic initiatives [2] Group 2: Strategic Use of Proceeds - Approximately 30% of the proceeds will support the strategic transformation and upgrade of the traditional real estate business, including the development of digital infrastructure and enhancing blockchain and digital asset management capabilities [2] - About 25% will be allocated for selective acquisitions or investments in projects that align with the company's strategic transformation, focusing on enhancing capabilities in AI, digitalization, and blockchain [2] - Another 25% will be used to expand the strategic partner network and geographic coverage, promoting long-term collaborations with leading Web3.0 institutions and financial partners in key markets [2] - The remaining 20% will be allocated for general working capital [2] Group 3: Partnership with The Reynold Lemkins Group - The board of 德祥地产 has expressed high regard for The Reynold Lemkins Group, noting its extensive experience in capital markets and international strategic vision, which will assist in the transformation of traditional real estate operations [3] - The partnership is expected to improve project development, mergers and acquisitions, and financing channels, thereby optimizing cash flow and capital structure [3] - The collaboration aims to establish 德祥地产 as a significant entry point into the "Web3+ real estate" space, leveraging The Reynold Lemkins Group's extensive industry network [3] Group 4: Leadership Changes - 德祥地产 has invited Liu Haoran, chairman of The Reynold Lemkins Group, to become an executive director, pending further negotiations and necessary procedures [4] - Liu Haoran brings over 10 years of experience in investment and corporate governance, which is expected to enhance the company's governance and strategic development [4] Group 5: Background of Key Individuals - Chen Guoqiang, known as the "shell king" of Hong Kong, has a notable history in capital operations, having controlled up to 15 listed companies across various sectors at his peak [4] - His acquisition of a 26% stake in TVB in 2011 marked a significant event in the media and capital crossover, ending the era of Shao Yifu [4]

Core Viewpoint - The company, 联众, has seen a significant stock price increase of over 42% following the announcement of its subsidiary, Allied Gaming & Entertainment Inc. (AGAE), investing in Bitcoin (BTC) and increasing its Ethereum (ETH) holdings, marking the initiation of a strategic plan to incorporate cryptocurrencies into its balance sheet [1] Group 1: Investment Strategy - AGAE's investment in cryptocurrencies is part of a broader strategy to integrate blockchain technology into its core gaming and entertainment business [1] - The move aims to lay the groundwork for wider blockchain applications and the tokenization of Real World Assets (RWA) [1] Group 2: Industry Impact - The company believes that the combination of blockchain technology with the gaming and entertainment sectors will reshape the industry's value chain [1] - This investment in crypto assets is seen as a crucial starting point for the company's strategic layout [1] Group 3: Future Outlook - The initiative not only reserves resources for future technological upgrades and business expansion but also demonstrates the company's commitment to embracing technological innovation and leading industry transformation [1]

Group 1 - AGAE has initiated a strategic plan to incorporate cryptocurrencies, specifically Bitcoin (BTC) and Ethereum (ETH), into its balance sheet, marking the first phase of its comprehensive digital strategy [1][3] - The company aims to expand blockchain-based payment methods across its global IP portfolio, which includes esports events, gaming platforms, and immersive entertainment venues [1] - AGAE plans to develop its own Real World Assets (RWA) tokenization model, focusing on monetizing live entertainment rights, property management revenues, and film/animation IP [1] Group 2 - CEO James Li emphasized that the company views cryptocurrencies not only as a store of value but also as a strategic cornerstone for future business development [1] - The integration of blockchain technology with the gaming and entertainment industries is expected to reshape the industry value chain, with cryptocurrency investment being a crucial starting point for this strategic layout [1] - This initiative reflects the company's commitment to embracing technological innovation and leading industry transformation [1]

Core Insights - Allied Gaming & Entertainment Inc. (AGAE) has officially initiated a strategic plan to incorporate cryptocurrencies into its balance sheet by investing in Bitcoin (BTC) and increasing its holdings in Ethereum (ETH) [1][2] - This move marks the first phase of AGAE's comprehensive digital strategy, aimed at integrating blockchain technology with the core gaming and entertainment industry [1] Group 1: Strategic Initiatives - AGAE plans to expand blockchain-based payment methods across its global IP portfolio, which includes esports events, gaming platforms, and immersive entertainment venues [1] - The company aims to develop its own Real World Assets (RWA) tokenization model, focusing on monetizing live entertainment rights, property management revenues, and film/animation intellectual properties [1] - AGAE intends to lay the groundwork for the integration of stablecoins and functional tokens to enhance user engagement, facilitate cross-border transactions, and improve liquidity within its ecosystem [1] Group 2: Leadership Perspective - AGAE's CEO, James Li, emphasizes that the company views cryptocurrencies not only as a means of value storage but also as a strategic cornerstone for future business development [2] - The integration of blockchain and digital assets into AGAE's ecosystem is seen as a natural extension to connect global users and create innovative financial experiences through gaming and entertainment [2] - The company believes that the combination of blockchain technology with the gaming and entertainment industry will reshape the industry's value chain, with cryptocurrency investment being a crucial starting point for this strategic layout [2]

Core Viewpoint - Ant Group is initiating a significant experiment to tokenize China's energy infrastructure valued at 60 billion RMB (approximately 8.4 billion USD) on its proprietary blockchain network, marking a milestone in the tokenization of real-world assets (RWA) and showcasing the potential of integrating traditional industries with digital finance [1]. Group 1: Project Overview - The project is spearheaded by Ant Digital Technologies, a subsidiary of Ant Group, which is utilizing its AntChain platform to connect and monitor renewable energy assets across China, including around 15 million renewable energy devices [4]. - The data collected from these devices, such as power generation and operational status, is recorded on the blockchain, ensuring immutability and transparency, which lays a solid foundation for the subsequent tokenization of these assets [4]. Group 2: Financial Achievements - Ant Digital Technologies has successfully implemented this model in practice, raising approximately 300 million RMB (around 42 million USD) through three clean energy projects [6]. - In August 2023, the company assisted Longshine Technology Group in tokenizing over 9,000 charging stations, securing 100 million RMB (about 14 million USD) in financing from an overseas bank [6]. - In December 2023, Ant Digital helped GCL Energy Technology tokenize its photovoltaic assets, raising an additional 200 million RMB (approximately 28 million USD) from foreign investors, demonstrating the commercial viability of this model [6]. Group 3: Future Aspirations - Ant Group aims to list these energy tokens on decentralized exchanges (DEX) abroad, creating a global, liquid secondary market for investors to easily access China's green energy sector [6]. - The long-term vision includes expanding financing channels and enhancing asset value through this global market access [6]. Group 4: Challenges and Regulatory Landscape - The project faces significant challenges, particularly regarding regulatory approval for listing tokens on foreign exchanges, given China's cautious stance on cryptocurrencies and capital flows [7]. - Experts suggest that even if the tokens are successfully issued, the initial market may be dominated by institutional and professional investors rather than retail participants, alongside liquidity issues commonly faced by RWA projects [7]. Group 5: Broader Strategic Initiatives - Ant Group is pursuing a dual strategy in the Web3 ecosystem, including plans to issue stablecoins, which can facilitate RWA transactions and settlements, creating a cohesive digital financial ecosystem [9]. - The company is also aligned with the strategic direction of Yunfeng Financial, co-founded by Jack Ma, which is actively exploring RWA applications and has invested in Ethereum (ETH) as a strategic reserve [9]. Group 6: Conclusion - Ant Group's initiative to tokenize 60 billion RMB of energy assets represents one of the most ambitious attempts globally to integrate industrial assets with blockchain technology, providing a visionary model for leveraging technology to revitalize traditional assets and empower green finance [9][10]. - The ongoing developments are expected to have profound implications for the global financial and energy sectors [10].