Group 1 - The global digital commerce conference in Xuhui focused on discussions around "Blockchain + AI" technology innovation, application scenarios, and ecosystem building [1] - Changjiang Delta Digital Chain (Shanghai) Network Infrastructure Co., Ltd. launched the "Beichen Trusted" product system, which includes a blockchain-based platform providing IaaS and PaaS services, privacy computing, and distributed digital identity services [1] - The large model field has evolved from "hundred models" to "thousand models," and is now converging to around "ten models," indicating a new competitive landscape in AI models [1] Group 2 - Xuhui has completed the registration of 21 public data resources, establishing innovation laboratories to promote the social utilization of data [2] - The district is actively building industry clusters around artificial intelligence and blockchain, contributing to the national data industry aggregation area [2]

Core Insights - Reality Singularity has partnered with globally recognized real estate operating companies and top-tier real estate investment funds to initiate the RWA chain transformation and financing work for student apartment assets in Hong Kong [1] - The collaboration focuses on financing and liquidity, exploring new pathways for more efficient, transparent, and accessible global financing and trading of real estate assets [1] Group 1: Objectives and Strategies - The partnership aims to provide an integrated financing solution that enhances financing efficiency and sustainable liquidity, reducing overall financing costs and shortening capital turnover time [3] - Reality Singularity is a co-initiator of the "Real World Asset (RWA) Trusted On-Chain Standards" (T/IFA0001-2025), ensuring that project pathways are auditable, reusable, and sustainable through standardized methodologies [4] - The approach prioritizes compliance and risk control by structuring designs and disclosures within existing legal and regulatory frameworks, balancing long-term stability with market acceptance [5] Group 2: Product Design and Implementation - The product design focuses on liquidity by layering and matching cash flow characteristics of existing operating assets, reserving space for secondary trading and refinancing, thereby enhancing the asset's value throughout its lifecycle [6] - The project targets a specific student apartment asset in Hong Kong, following a standardized chain transformation, compliant issuance, market-making, and liquidity support, with ongoing information disclosure [8] - The standardized chain transformation involves digital organization and standardized expression of asset operations, rights, and cash flow elements, laying the groundwork for compliant issuance and continuous disclosure [9] Group 3: Company Overview - Reality Singularity is a fintech company specializing in blockchain and AI, focusing on "data governance, compliance engineering, trusted on-chain solutions, and secondary liquidity," aiming to help quality assets enter the digital capital market safely, compliantly, and efficiently [10] - The company actively participates in the formulation and implementation of the "Real World Asset (RWA) Trusted On-Chain Standards" (T/IFA0001-2025) and collaborates with industry partners to explore standardized and scalable practices [10]