Group 1 - The company has entered into a conditional agreement to acquire approximately 5.56% of VAX Limited's issued share capital for a total consideration of HKD 100 million, with HKD 24 million to be paid in cash and the remaining HKD 76 million through the issuance of convertible bonds [1] - VAX Limited operates a virtual asset trading platform and is licensed under the Securities and Futures Ordinance to conduct regulated activities in Hong Kong, including securities trading and automated trading services [1] - The acquisition is seen as a valuable investment opportunity that will enhance the company's virtual asset strategy, particularly in the context of recent developments in virtual asset regulation in Hong Kong and globally [2] Group 2 - The company aims to explore the development and opportunities of asset tokenization using blockchain technology, particularly for real-world assets (RWA) such as physical gold, commodities, and other precious metals [2] - The acquisition of VAX Limited is expected to create synergies with the company's existing jewelry product business and provide a regulated trading platform for potential RWA issuance in the future [2]

The future of crypto is RWAs ...

blackrock buidl fund crossed $500m tokenized treasuries on ethereum settling instant through circle's usdc rails. franklin templeton deployed on polygon stellar aptos for regulatory arbitrage. the trade isn't buying transfer-restricted rwa tokens. it's base and polygon capturing settlement fees from $200b migrating on-chain. stablecoin issuers taking the flow. tradfi rebuilds infrastructure on public chains for 40% cost reduction not 5% efficiency gains. ...

Core Insights - The International Organization of Securities Commissions (IOSCO) has raised concerns about the risks associated with tokenized assets linked to traditional financial instruments like stocks and bonds, indicating significant regulatory challenges and a lack of consensus among major Wall Street investors [1][3]. Group 1: Tokenization and RWA - Tokenization refers to the process of mapping real-world assets (RWA) such as government bonds, loans, and real estate onto blockchain technology, creating programmable and transferable digital asset tokens [2]. - The monthly settlement volume of stablecoins has reached $1.25 trillion, more than doubling from the previous year, indicating a growing acceptance of blockchain-based financial transactions [2]. - The World Economic Forum highlights that tokenization can provide a unified ledger, real-time settlement, and programmable features, thereby reducing settlement risks and enhancing efficiency [2]. Group 2: Regulatory Concerns - IOSCO notes that most risks associated with tokenization fall within existing regulatory frameworks, but new risks may arise from underlying blockchain technology and transaction vulnerabilities [3]. - The structure of tokenized assets may create uncertainty for investors regarding their ownership of the underlying assets versus merely holding cryptocurrency tokens, raising counterparty risks [3]. - IOSCO warns that tokenized assets could be affected by spillover effects from the volatile cryptocurrency market, potentially leading to significant market disruptions [3]. Group 3: Adoption and Market Sentiment - Despite rising interest in tokenization among global businesses, actual adoption remains limited, with traditional financial institutions still relying heavily on existing market infrastructures [4][5]. - Major financial institutions express that the efficiency gains from blockchain transactions are not uniformly realized, as traditional systems continue to dominate the trading process [5]. - Concerns about legal clarity, operational risks, and market fragmentation persist, leading traditional investors to view the utility of RWA as limited [5].

A strong step by @Mantle_Official toward expanding the RWA narrative and spotlighting real builders. 🚀Excited to see what the Scholars create at @CCCCampus Lisbon.Mantle (@Mantle_Official):Presenting our debut: Mantle RWA ScholarSHIP Program.An initiative where creators & partners take the lead in sharing compelling stories that highlights the value, innovation, and impact of RWAs - expanding Mantle's global narrative.You create the RWAvolution. We empower it. https://t.co/CkTPx3ytBd ...

Avalanche Ecosystem Updates - Points Market is in full swing, with Season 1 beginning on Tuesday [1] - Thirdweb added full x402 support for builders launching on Avalanche [1] - Total RWA (Real World Assets) value on Avalanche reached over $22 billion in stablecoins, indicating significant institutional adoption [1] - Avalanche surpassed 8 billion total transactions, demonstrating substantial growth across L1s (Layer 1 blockchains) [3] Partnerships and Integrations - BitGo x Hypha partnership brings institutional-grade access to Avalanche staking, allowing clients to stake and redeem $AVAX directly [1] - Pangolindex joined Base Turkiye's builder event, strengthening Web3 connections across ecosystems [2] New Features and Developments - Blaze Stream went public with its test stream, marking a new era for Web3 live experiences [2] - The Arena App V2 expansion kicked off, revealing new multichain features, onboarding, and the rise of ArenaPedia [2] - GoKiteAI built a trusted AI environment using x402s on Avalanche, powering the next wave of on-chain AI agents [3]

Everyone’s got a favorite RWA play. What’s yours on BNB Chain? 👀 ...

RT Dune | DuneCon 🇦🇷 (@Dune)🎙️ Session reveal #DuneCon25RWA. Institutions. Onchain.At DuneCon25, @sandeepnailwal, @0x_eunice, and @PaulFrambot join @zGuz to reveal how the protocols and chains are building for global institutional adoption. https://t.co/jk8gLmsevE ...

RT THE HUNTER ✴️ (@TrueGemHunter)The future of crosschain liquidity is forming fast 🌐@OneAnalog isn’t just bridging networks it’s building a unified layer for all chains, powering seamless RWA and DeFi flows across EVM, $SOL, Polkadot, $TON.One protocol. Infinite connections. https://t.co/5HZzauC1yi ...

The future of crosschain liquidity is forming fast 🌐@OneAnalog isn’t just bridging networks it’s building a unified layer for all chains, powering seamless RWA and DeFi flows across EVM, $SOL, Polkadot, $TON.One protocol. Infinite connections. https://t.co/5HZzauC1yi ...