Core Insights - The digital finance industry is at a critical turning point, transitioning from a "speculation-driven" 1.0 era to a "utility-driven" 2.0 era, emphasizing the need for collaboration among global regulators, entrepreneurs, and innovators to build a compliant and trustworthy "Finternet" [1][3][4] Group 1: Industry Transition - The total market value of crypto assets has exceeded $3.5 trillion, indicating explosive growth driven by blockchain technology, which is reshaping the fundamental ways of storing, sharing, and owning value [3] - The tokenized market is projected to grow from a "billion-dollar" level to a "trillion-dollar" level in the next decade, highlighting the significant potential for expansion [3] - The recent "flash crash" in the cryptocurrency market is seen as a growing pain as the industry matures, marking the inevitable clash between the 1.0 era of "permissionless innovation" and the 2.0 era of "trust" [3] Group 2: Path to Resolution - Building a broad, compliant, and trustworthy "Finternet" is essential for achieving a balanced development between digital assets and the real economy, requiring constructive dialogue and consensus among global stakeholders [4] - The payment sector has demonstrated the immense potential of digital assets to serve the real economy, with stablecoin payments growing at nearly ten times the rate of traditional payment networks, particularly in B2B payments [4] - OSL Group's licensed payment business in Europe has shown significant short-term success, with over 50 trading and payment-related licenses being established in more than 10 key markets globally, reflecting the market demand for compliant digital financial solutions [4] Group 3: Strategic Positioning - Hong Kong is positioned as a strategic hub for building global dialogue in digital finance, leveraging its unique geographical advantages to promote international consensus in the sector [4] - The summit aims to explore key topics such as digital asset compliance regulation, real asset tokenization, and cross-border payment innovation, gathering insights and strength for the global digital finance industry [6]

Core Insights - DigiFT, a regulated platform for tokenizing Real-World Assets (RWA) in Singapore, plans to tokenize shares of Ocean Group Holdings Limited, marking the first instance of tokenization of a Hong Kong-listed company through a regulated platform in Singapore [1][2] - This initiative highlights DigiFT's role in bridging traditional capital markets with regulated on-chain finance, facilitating institutional investors' compliant participation in tokenized asset investments [1] - Ocean Group's leadership supports this innovation, emphasizing the trend of integration between global capital markets and on-chain finance, which aligns with their commitment to transparency and shareholder value [1] Group 1 - DigiFT is one of the first on-chain exchanges licensed by the Monetary Authority of Singapore (MAS) and has also obtained licenses from the Hong Kong Securities and Futures Commission (SFC) [2] - The platform offers comprehensive digital asset services for RWA, including tokenization, issuance, distribution, trading, and instant liquidity allocation [2] - DigiFT has established partnerships with leading asset management firms such as Invesco, UBS Asset Management, DBS, CMB International, and Wellington Management [2] Group 2 - Ocean Group Holdings Limited, listed on the Hong Kong Stock Exchange since 2007, operates in various sectors including online marketing solutions, silicone rubber products, retail services, healthcare, and hospitality [2] - The company is actively transforming towards AI digital personas and RWA, exploring innovative measures to enhance competitiveness and shareholder value [2]

Core Insights - DigiFT, a regulated platform for tokenizing real-world assets (RWA) in Singapore, announced plans to tokenize shares of Ocean Group Holdings Limited, marking the first instance of such a project for a Hong Kong-listed company through a regulated framework in Singapore [1][2] - This initiative highlights DigiFT's role in bridging traditional capital markets with regulated on-chain finance, facilitating institutional investors' compliant participation in tokenized asset investments [1] - Ocean Group's leadership supports the tokenization project, emphasizing the trend of integrating global capital markets with on-chain finance, which aligns with the company's commitment to transparency and shareholder value [1] Company Overview - DigiFT is a next-generation capital market platform focused on the issuance and trading of RWA, and is one of the first licensed by the Monetary Authority of Singapore (MAS) [2] - The platform offers comprehensive digital asset services for RWA, including tokenization, issuance, distribution, trading, and instant liquidity allocation, and is trusted by major financial institutions such as Invesco, UBS Asset Management, and DBS [2] - Ocean Group Holdings Limited, established in 1991 and listed in 2007, operates in various sectors including online marketing solutions, design and manufacturing of silicone and rubber products, retail services, and healthcare [2]

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 and increasing its Ethereum holdings, marking the initiation of a strategic plan to incorporate cryptocurrencies into its balance sheet [1] Group 1: Company Strategy - AGAE's investment in cryptocurrencies is part of a broader strategy to integrate blockchain technology with the gaming and entertainment industry, aiming to reshape the industry's value chain [1] - The move to include cryptocurrencies in the asset portfolio is seen as a crucial starting point for the company's strategic layout towards blockchain applications and the tokenization of Real World Assets (RWA) [1] - This initiative reflects the company's commitment to technological innovation and its ambition to lead industry transformation [1] Group 2: Market Reaction - Following the announcement, 联众's stock price surged by 42.37%, reaching HKD 0.42, with a trading volume of HKD 5.4156 million [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 is part of AGAE's broader strategy to integrate blockchain technology with its core gaming and entertainment sectors, aiming to tokenize Real World Assets (RWA) and enhance user engagement [1][2] Group 1 - AGAE's investment in BTC and ETH marks the first phase of its comprehensive digital strategy, which includes expanding blockchain-based payment methods across its global IP portfolio [1] - The company plans to develop its own RWA tokenization model, focusing on monetizing live entertainment rights, property management revenues, and film/animation IP [1] - AGAE aims to lay the groundwork for the integration of stablecoins and functional tokens to boost user participation, facilitate cross-border transactions, and enhance liquidity within its ecosystem [1] Group 2 - AGAE's CEO, James Li, emphasizes that cryptocurrencies are viewed not only as a store of value 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 value chain, with cryptocurrency investment being a crucial starting point for this strategic layout [2]

Core Insights - The discussion around "can projects go to Hong Kong for RWA" is gaining momentum in the Greater Bay Area, with various companies exploring the RWA (Real World Asset tokenization) sector, indicating a growing trend towards the tokenization of real-world assets [1][2]. Group 1: RWA Overview - RWA refers to the tokenization of real-world assets, transforming physical assets like charging stations and real estate into tradable digital tokens via blockchain technology, creating a new channel for asset circulation [2]. - As of July 2025, the total market value of global on-chain RWA assets has surpassed $25 billion, with projections suggesting it could reach $10 trillion by 2030 [2]. Group 2: Market Activity - Since the beginning of 2024, 13 institutions have successfully launched RWA projects in Hong Kong, with fundraising amounts ranging from tens of millions to 200 million yuan, covering a wide array of underlying assets [3]. - More companies are lining up to enter the market, including real estate firms and those in the tourism and renewable energy sectors, indicating a broad interest in RWA projects [3]. Group 3: Challenges and Costs - The total cost for issuing RWA in Hong Kong typically exceeds 2.5 million HKD, with additional advisory fees of 3%-5%, and companies must promise returns to investors, with non-standard assets needing to yield over 8% annually [4]. - There is a significant uncertainty in fundraising, with some companies aiming to raise 50 million but only securing 10 million, highlighting the rigorous scrutiny by professional investors [4]. Group 4: Advantages of RWA - RWA can activate "sleeping assets," as it streamlines the process of asset verification and revenue distribution through blockchain and smart contracts, significantly reducing the time and complexity compared to traditional bank loans [5]. Group 5: Asset Suitability - Not all assets are suitable for RWA; the Hong Kong Monetary Authority emphasizes that RWA should focus on fixed income, investment funds, and assets that generate stable cash flows [6]. - Successful RWA assets must meet three criteria: stable value, clear legal rights, and verifiable off-chain data, while also navigating regulatory challenges [6]. Group 6: Market Speculation - The rise of RWA has sparked speculation about its potential to facilitate the return of Chinese concept stocks to Hong Kong, as it may offer a faster and lower-barrier alternative to traditional secondary listings [7]. - However, challenges remain, including regulatory recognition and the need for reliable technology to ensure the correspondence between on-chain tokens and off-chain stocks [7]. Group 7: Market Impact - RWA can enhance international exposure for companies and serve as a foundation for overseas expansion, with notable stock price increases observed following RWA issuances [10]. - For instance, after the issuance of RWA, the stock price of Aorede surged by 10% the next day, and other companies have also seen significant stock price appreciation linked to their RWA activities [10].

Core Viewpoint - The article discusses the rising trend of Real World Assets (RWA) tokenization in the Greater Bay Area, highlighting its potential benefits and challenges for companies seeking to leverage this new financing model [4][5]. Group 1: RWA Tokenization Overview - RWA refers to the tokenization of real-world assets into tradable digital asset certificates using blockchain technology, with over 13 institutions exploring this model in the past two years [4][7]. - Companies are increasingly interested in RWA not just for financing but also for brand exposure and potential stock price enhancement [4][13]. Group 2: Recent Developments and Case Studies - Since 2024, notable companies like Langxin Group and Huaxia Fund have successfully issued RWA projects, with underlying assets including funds, bonds, and real estate [7][8]. - The total market value of global on-chain RWA assets surpassed $25 billion by July 2025, with projections suggesting the market could exceed $10 trillion by 2030 [9]. Group 3: Challenges and Risks - The costs associated with issuing RWA projects in Hong Kong can be high, often exceeding HKD 2.5 million, which may deter some companies from pursuing this route [11][12]. - Not all assets are suitable for RWA; successful tokenization requires stable cash flows, clear legal rights, and verifiable off-chain data [18][19]. Group 4: Regulatory Environment - The regulatory landscape for RWA is still evolving, with a need for clear classification and compliance pathways based on asset characteristics [19][20]. - There are concerns about systemic risks if transparency and custodial measures are not adequately enforced [20][21]. Group 5: Future Prospects - RWA could provide a new avenue for Chinese companies to return to the Hong Kong market, offering a more flexible and faster alternative to traditional secondary listings [24][25]. - The development of RWA is expected to align with economic trends, with potential breakthroughs in cross-border financial products and limited trials for equity assets [25].

Group 1 - The core viewpoint of the article is that Ocean Group is considering a potential rights issue to raise funds for its AI and digital transformation strategy, aiming to capitalize on Web 4.0 opportunities [1][2] - The potential rights issue is expected to provide financial support for the company's strategic direction announced in August, which includes establishing a core digital asset pool and accelerating AI digital human technology development [1][2] - The company aims to leverage new funds and resources from the potential rights issue to strengthen its financial foundation and seize long-term opportunities in the trillion-dollar industries of education, gaming, and health [1][2] Group 2 - Ocean Group's chairperson, Ms. Shi Qi, emphasized the critical positive significance of the potential rights issue for the company's transition into the digital economy era, aligning with its previously announced transformation blueprint [2] - The company is undergoing a transformation process involving capital innovation, technological innovation, and business model innovation, which is expected to help capture opportunities in Web 4.0 and expand into new revenue sources [2] - Ocean Group, established in 1991 and listed in 2007, has a strong foundation in the silicone input device sector and is now pivoting towards becoming a leader in AI and RWA tokenization in the Asia-Pacific region [2]

Transcenta Holding Limited 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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 創勝集團醫藥有限公司 （以存續方式於開曼群島註冊的有限公司） （股份代號：6628） 自願公告 有關與華檢醫療控股有限公司及其兩間子公司的戰略合作協議 探索首創真實世界資產代幣化潛在融資用於 創新腫瘤療法研發的業務進展 本公告由創勝集團醫藥有限公司（「本公司」）自願作出，旨在告知本公司股東及潛 在投資者有關最新業務進展。本公告所用但並無另行界定的詞彙應與本公司日期 為2021年9月14日的招股章程中所賦予該等詞彙的涵義相同。 本公司董事會（「董事會」）欣然公佈，於2025年9月21日，本公司及本公司全資子 公司Transcenta Oncology Inc.（「Transcenta Oncology」）已與華檢醫療控股有限 公司（香港聯合交易所有限公司主板上市公司，股份代號：1931）及其兩間子公司 ETHK Inc.及ETHK HOLDINGS L ...

Core Insights - The rapid growth of real-world asset tokenization has reached a market size of $29.27 billion as of September 12, 2023, with 389,136 asset holders and 211 issuers, including major asset management firms like BlackRock and Fidelity [1][3] - The tokenized assets are primarily categorized into private credit ($16.72 billion), U.S. Treasury bonds ($7.42 billion), commodities ($2.01 billion), and alternative funds, among others [1][3] - The legalization of asset tokenization in the U.S. has been facilitated by legislative efforts, notably the GENIUS ACT, which has removed legal barriers and allowed for a surge in market activity [3][10] Group 1: Historical Context and Challenges - The journey of asset tokenization has faced significant challenges, with over 90% of projects failing to achieve basic trading volumes before 2021 due to legal uncertainties, weak investor participation, and lack of liquidity mechanisms [2][3] - Early attempts at asset tokenization, such as the St. Regis Aspen hotel project, faced liquidity issues and investor dissatisfaction due to complex structures and additional fees [2] Group 2: Advantages of Asset Tokenization - Asset tokenization offers several advantages over traditional finance, including shared ledger information that enhances transparency and reduces information asymmetry [4][5] - The flexibility in custody arrangements and programmability through smart contracts improve operational efficiency and user experience [6][7] - Tokenization enhances financial inclusion by breaking down large assets into smaller units, making them more accessible to a broader range of investors [6][7] Group 3: Future Potential and Market Trends - The private market holds significant untapped potential, with a focus on private equity, private credit, infrastructure, and real estate as key areas for future growth [8] - The global market for tokenized assets is projected to exceed $30 trillion by 2030, indicating a transformative shift in the financial landscape [10][11] - Hong Kong's approach to asset tokenization emphasizes a diverse range of asset classes and a focus on building a digital financial ecosystem, contrasting with the U.S. model [9][10] Group 4: Impact on Global Financial Systems - Asset tokenization and stablecoins are expected to disrupt the traditional dollar-based international monetary system, providing equal competition for currencies from other regions [10][12] - The evolution of a new international monetary and financial system based on blockchain technology is anticipated to occur more rapidly than previous shifts in economic power [12]