格隆汇9月17日｜佳兆业资本(0936.HK)发布公告，公司董事会宣布，本集团已于2025年9月17日与获香 港证监会发牌的虚拟资产交易平台达成合作，共同推进香港合规框架下的现实世界资产(RWA)代币化发 展。未来，本集团将持续推动在金融科技、数字金融及Web3.0领域的创新探索与资源整合。 ...

未来，集团将持续推动在金融科技、数字金融及Web3.0领域的创新探索与资源整合，创造符合新时代 发展趋势的长期价值。 基于上述资源与技术优势，集团已于2025年9月17日与获香港证监会发牌的虚拟资产交易平台达成合 作，共同推进香港合规框架下的现实世界资产(RWA)代币化发展。 佳兆业资本(00936)发布公告，集团正式启动战略转型，依托股东资源、自身产业与区域优势，以及与 合作伙伴在Web3.0领域的技术积累，以中国香港为起点，探索在合规监管环境下的数字金融创新。 ...

Core Viewpoint - Kaisa Capital (00936.HK) has officially initiated a strategic transformation, leveraging shareholder resources, its own industry and regional advantages, and technological accumulation in the Web3.0 field to explore digital financial innovation under a compliant regulatory environment starting from Hong Kong [1] Group 1 - The company has partnered with a licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission to promote the development of Real World Asset (RWA) tokenization within Hong Kong's compliance framework [1] - Kaisa Capital aims to continuously drive innovation and resource integration in the fields of fintech, digital finance, and Web3.0, creating long-term value that aligns with the trends of the new era [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 KAISA CAPITAL INVESTMENT HOLDINGS LIMITED 佳兆業資本投資集團有限公司 （ 於開曼群島註冊成立之有限公司 ） （股份代號：936） 自願性公告 關於戰略轉型及開展現實世界資產(RWA)代幣化業務佈局 本公告由佳兆業資本投資集團有限公司（「本公司」，連同其附屬公司統稱「本集團」） 自願作出，以知會其股東及潛在投資者有關本集團之最新業務發展。 本公司董事會（「董事會」）欣然宣佈，本集團正式啟動戰略轉型，依託股東資源、 自身產業與區域優勢，以及與合作夥伴在Web3.0領域的技術積累，以香港為起點， 探索在合規監管環境下的數字金融創新。 基於上述資源與技術優勢，本集團已於2025年9月17日與獲香港證監會發牌的虛擬 資產交易平台達成合作，共同推進香港合規框架下的現實世界資產(RWA)代幣化 發展。 於本公告日期，董事會成員包括執行董事郭英成先生、于蕙銘先生及李健萍女士； ...

Core Insights - The report focuses on the rise of Real-World Assets (RWA) tokenization, analyzing its concept, value, regulation, practice, and trends, highlighting its role in bridging traditional finance and the Web3.0 ecosystem [1][11][13]. Group 1: RWA Concept and Background - RWA refers to the tokenization of physical assets like real estate, bonds, and commodities using blockchain technology, enhancing asset liquidity, transparency, and accessibility [1][18]. - The emergence of RWA addresses traditional financial pain points such as low liquidity, high entry barriers, and lack of transparency, leveraging blockchain's immutable nature and smart contracts for automation [1][23][25]. - The global RWA market has surpassed hundreds of billions of dollars, with expectations for explosive growth in the coming years [13][24]. Group 2: Investment Value and Advantages - RWA significantly enhances asset liquidity and market efficiency, with tokenized real estate trading cycles averaging 47 days compared to traditional commercial real estate's 6-9 months [2][39]. - RWA improves investment accessibility and promotes financial inclusion by lowering entry barriers, allowing broader participation in high-value assets [2][39]. - The tokenization process increases transparency and security, although challenges regarding the credibility of off-chain data remain [2][39]. Group 3: RWA Asset Categories and Examples - RWA encompasses diverse asset categories, including stablecoins (e.g., USDT, USDC), private credit, U.S. Treasury bonds, real estate, commodities, intellectual property, and emerging sectors like renewable energy and agriculture [2][29][30]. - Stablecoins serve as foundational RWA, providing a stable value anchor and facilitating the integration of Web3.0 with the real economy [2][34][37]. - The tokenization of real estate allows fractional ownership, significantly reducing investment thresholds and enhancing liquidity [2][30]. Group 4: Global Regulatory Landscape - The global regulatory framework for RWA is evolving, with a focus on compliance and risk management, as seen in the U.S. GENIUS Act and the EU MiCA regulation [3][4]. - Different jurisdictions are adopting varied approaches to RWA regulation, with the U.S. and EU leading in establishing comprehensive frameworks [3][4]. - In China, RWA is in a regulatory gray area, with initiatives focusing on private chains and sectors like renewable energy and agriculture [3][4]. Group 5: Future Trends and Challenges - The RWA market is expected to grow significantly, driven by institutional participation and the increasing importance of stablecoins as a liquidity infrastructure [3][6][12]. - Emerging asset categories like computing power are gaining traction, presenting new opportunities and legal challenges [3][6][12]. - The report emphasizes the need for ongoing research into the intersection of law and technology to support the healthy development of RWA [3][6].

EAIP平台是公司践行农业4.0理念，结合web3.0红利风口进行的一次全新布局，其去中心化的底层技术 将解决各种审查带来的困扰，彻底消除未来不确定的安全隐患，以实现更好的用户体验。其融合代币生 态的多样化产品场景，将承接web3.0时代的生态红利，对接更广阔的用户群体，以实现全球市场爆发式 增长,为广大会员带来更大的溢价回报。 Web3.0的引入，可能会在短期内给部分用户带来不便，但公司承诺，无论在新平台还是老平台，保障 用户资产安全和合法权益始终是公司的首要任务。 为了确保本次映射顺利完成，请您注意以下关键事项： 1)公司确保SCEA平台映射期间账户余额及明细可查;确保映射后您的资金不变。 新创人平台自上线以来，用户规模和公司业绩不断壮大，特别是中国大陆市场取得了显著的业绩提升， 但是正如大家所见，随着大陆市场愈发严苛的安全审查，即使平台进行各种相应的安全升级，但仍然不 可避免的影响了用户的登录及使用体验，而这也是中心化平台在中国大陆展开业务必然面对的问题，经 过总公司反复论证，现决定所有业务映射到EAIP平台。 香港新创人生态农业集团有限公司 2025.08.25 3)映射后确保用户原有资产全部总和不变 ...

Core Insights - The company is advancing the construction of a digital payment system based on "new digital currency" in 2025, focusing on three main lines: new digital currency wallets and payment infrastructure, cross-border currency bridges, and smart terminals, all of which have existing orders or case studies with high information completeness [1] Group 1: New Digital Currency Wallet/Payment Infrastructure Innovation - The company provides a comprehensive solution for digital RMB, offering a one-stop operational platform for wallet management, payment clearing, and scenario innovation for 2.5-tier financial institutions [2] - The new comprehensive digital currency wallet and payment infrastructure will include tokenized deposits, stablecoins, RWA, and tokenized financial assets based on digital bank accounts [2] Group 2: Digital Currency Scenario Innovation - By 2025, the company aims to complete the upgrade of the "Digital RMB Currency Bridge Engine 2.0," supporting interconnectivity among nine major banks' wallets, covering 38 types of government and trade scenarios such as payments, taxes, and fiscal allocations [4] - The company is testing automatic conversion between digital RMB and Hong Kong dollars in Qianhai, Shenzhen, and has completed pilot transactions for cross-border payments based on the mBridge digital currency bridge [4] Group 3: Continuous Advancement in Hong Kong's Web 3.0 Scenario Innovation - The company's Hong Kong subsidiary has made substantial breakthroughs in the Web 3.0 ecosystem, launching a "commercial tokenization platform" project to build a native Web 3.0 ecosystem [5] - Users can view and transfer funds in real-time through the Web 3.0 wallet, with innovations in stablecoin wallets and RWA automatic clearing smart contracts facilitating a seamless investment, payment, and redemption process [5] Group 4: Smart Terminals and Ecological Innovation - The company has developed the "Xiao Lan" digital RMB soft and hard wallet service capabilities, supporting 24/7 wallet transactions and has integrated with domestic AI models for customer service and marketing [6] - Collaborations with local governments in Shenyang, Wuhan, and Chengdu aim to establish a joint innovation platform, targeting 220,000 bank outlets to promote unmanned operations [6] - The company has established a complete closed-loop ecosystem from wallets, cross-border payments, asset tokenization to smart terminals, and has received commercial orders in three major scenarios: cross-border payments, urban commercial bank transformation, and intelligent outlet operations [6]

在区块链技术日新月异的发展浪潮中，奥拉丁Origin以其前瞻性的视野构建了一个横跨多个领域的综合性金融生态系统。这种 多元化的布局不仅突破了传统DeFi项目的单一服务局限，更在Web3.0时代重新定义了金融服务的边界与可能性。 基础金融设施：构建生态根基 奥拉丁Origin从最基础的金融需求切入，建立了完整的借贷平台和理财板块。其借贷协议采用独特的风险定价模型，根据链上 信用评级动态调整利率；理财板块则整合了静态收益和动态收益双轨机制，满足不同风险偏好用户的需求。数据显示，平台存 贷总量已突破5亿美元，成为生态中最稳定的现金流来源。 交易创新：DEX2.0与跨链枢纽 在去中心化物理基础设施网络(Depin)领域，奥拉丁Origin推出了Wbekey多链手机生态。这款内置安全芯片的移动设备不仅支 持多链资产管理，更可以作为节点参与各类区块链网络，让用户真正掌握数字主权。产品预售首周即告罄，预示着硬件与金融 结合的广阔前景。 前沿探索：面向未来的布局 奥拉丁Origin的野心不止于此。在元宇宙领域，已着手构建VR金融交互场景；Web3.0社交平台正在内测，将金融行为融入社 交互动；AI金融实验室则致力于开发基于大 ...

Core Insights - The report discusses asset tokenization as a new financial paradigm in the Web3.0 era, exploring its implications, development paths, and connections to past financial innovations [1][2][6]. Group 1: Asset Tokenization Overview - Asset tokenization involves packaging and segmenting both crypto assets and real-world assets into tokens on the blockchain, characterized by programmability, composability, and atomic settlement [2][6]. - The process of asset tokenization is similar to asset securitization, requiring the selection of blockchain platforms, smart contract development, and data integration [2][6]. - The emergence of decentralized finance (DeFi) based on asset tokenization is significant for the integration of virtual and real worlds, potentially leading to disintermediation of traditional financial systems [2][6]. Group 2: Regulatory Framework - Regulatory frameworks for asset tokenization have been established in regions like Europe and Hong Kong, with the U.S. passing three key bills in 2025 to create a foundational regulatory structure [2][6]. - The report highlights the systemic risks, moral hazards of intermediaries, and regulatory gaps associated with asset tokenization, particularly questioning the stability of stablecoins [2][6]. Group 3: Historical Context and Financial Innovation - The report draws parallels between asset tokenization and past financial innovations, such as asset securitization, which aimed to create a complete market despite the absence of perfect market conditions [1][2][6]. - Historical financial innovations have often been accompanied by risks and crises, suggesting that significant advancements towards a complete market require robust regulatory measures and risk management strategies [2][6]. Group 4: Future Implications - The report posits that humanity is entering a new era of virtual and real-world integration, where asset tokenization will play a crucial role in shaping the new economic and social landscape [2][6]. - It emphasizes the need for countries to balance regulation and innovation to seize opportunities presented by asset tokenization in the context of Web3.0 [2][6].

报告由国家金融与发展实验室（NIFD）发布，聚焦Web3.0时代资产代币化的发展逻辑、市场现状、风险挑战及未来趋势，剖析其对传统金融体系的变革意 义，为行业参与者与监管层提供参考。 资产代币化的核心逻辑源于对"阿罗-德布鲁完备市场"的追求，即通过区块链技术将虚拟加密资产与现实资产打包分割为可编程、可组合、可原子结算的代 币，降低交易成本，无限逼近"覆盖所有未来状态"的理想金融市场。与资产证券化相比，代币的三大特性（可编程性、可组合与可分割性、7X24小时原子 结算）使其在资源时间配置效率上更具优势，成为去中心化金融（DeFi）的基础，未来或全面替代传统银行与资本市场体系。 市场发展层面，Web3.0技术为资产代币化提供支撑。Web3.0以区块链为核心，实现用户对数据的所有权控制，推动虚实世界融合，分数字孪生、数字原 生、元宇宙三阶段演进。截至2025年一季度，全球Web3钱包用户达5.8亿，市值突破4.3万亿美元，工业互联网等领域已开启规模化应用。资产代币化分类清 晰，稳定币（法币抵押型为主，如USDT）承担虚实世界价值交换功能，2025年美国《天才法案》明确其100%储备要求；非稳定币涵盖加密货币（如比特 ...