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佈的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 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。 Asset Chain Limited 財富鏈有限公司 (於百慕達註冊成立之有限公司) (股份代號: 616) 自願公佈 有關訂立諒解備忘錄 的最新資料 本公佈乃由財富鏈有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願作出， 以 就 本 集 團 業 務 發 展 向 本 公 司 股 東（「股 東」）及 潛 在 投 資 者 提 供 最 新 資 料。 謹提述日期為2025年12月24日 的 本 公 司 公 佈（「該公佈」），內 容 有 關 就 認 購 合 營 公 司 股 份 而 訂 立 諒 解 備 忘 錄。除 另 有 說 明 外，本 公 佈 所 用 詞 彙 與 該 公 佈 所 界 定 者 具有相同涵義。 誠 如 該 公 佈 所 載，根 據 諒 解 備 忘 錄，本 公 司 與 其 他 潛 在 認 購 方 擬 認 購 合 營 公 司 的股份，而預期該公司的主要業務為發展及╱或投資穩定幣及╱或其他區塊鏈相 ...

Core Insights - The New York Stock Exchange (NYSE) and Securitize have signed a Memorandum of Understanding (MOU) to advance the development of tokenized securities [1][2] - Securitize will serve as the first digital transfer agent authorized to issue blockchain-native securities on the NYSE's upcoming Digital Trading Platform [2] - The collaboration aims to establish industry-wide standards for digital transfer agents and tokenization platforms, ensuring compliance and operational integrity [3] Group 1: Partnership Details - The NYSE will collaborate closely with Securitize as a lead design partner to create a robust digital transfer agent framework [2] - The program is designed to facilitate seamless on-chain settlement of tokenized security transactions while maintaining high regulatory standards [3] - Lynn Martin, President of NYSE Group, highlighted the importance of responsible innovation in developing new infrastructure for capital markets [4] Group 2: Securitize's Role and Expertise - Securitize brings over $4 billion in assets under management and operates as an SEC-registered transfer agent and broker-dealer [6] - The company is set to participate as a broker-dealer on the Digital Trading Platform, enhancing the ecosystem for tokenized securities [5] - Securitize's expertise in digital asset infrastructure positions it as a key player in shaping the future of market structure [4][5] Group 3: Market Implications - The partnership reflects the growing momentum in asset tokenization, which has transitioned from a niche concept to a rapidly expanding market [6] - Institutional investors like BlackRock, Apollo, and KKR have already launched tokenized products, with tokenized money market funds exceeding $1 billion in value [7] - Tokenization is expected to unlock trillions in illiquid assets, democratize access for retail investors, and enhance liquidity and efficiency in financial markets [8]

Core Insights - KRAKacquisition Corp., a SPAC associated with the cryptocurrency exchange Kraken, is seeking potential acquisition targets with valuations potentially reaching up to $10 billion, but could also be as low as $2 billion [1] - The company completed an IPO of approximately $345 million in January this year and is currently looking for crypto-native enterprises in areas such as stablecoins, asset tokenization, DeFi, and payments [1] - This initiative coincides with Kraken's plans to advance its own IPO this year [1]

Core Insights - KRAKacquisition Corp., a SPAC associated with cryptocurrency exchange Kraken, is seeking potential acquisition targets with valuations potentially reaching up to $10 billion, but could also be as low as $2 billion [1] - The company completed an IPO of approximately $345 million in January this year and is currently looking for crypto-native enterprises in areas such as stablecoins, asset tokenization, DeFi, and payments [1] - This initiative coincides with Kraken's plans to advance its own IPO this year [1]

Group 1: Market Overview - The Hang Seng Index opened high but closed down 384 points, or 1.44%, at 26,381 points, with significant selling pressure observed throughout the day [3][4] - The market saw a total turnover of 25.93 billion HKD, with net outflow from northbound trading amounting to 736.6 million HKD [3] Group 2: Company Performance - NIO's subsidiary GeniTech secured over 2.257 billion RMB in investment from Chinese investors, maintaining a 62.7% controlling stake post-transaction [12] - New World Department Store China reported a 3.93 times increase in interim profit to 15.327 million HKD, despite a 12.44% decrease in revenue to 536 million HKD [13] - Chow Tai Fook Jewelry Group announced a 15.26% increase in interim profit to 1.334 billion HKD, with revenue rising 5.9% to 12.827 billion HKD [14] - Baidu reported a 65.68% decrease in net profit to 1.782 billion RMB for the fourth quarter, with total revenue declining 4.06% to 32.74 billion RMB [15] Group 3: Industry Developments - Hong Kong Exchanges and Clearing is exploring the development of a multi-asset tokenization platform, contingent on technological capabilities and market demand [7] - The People's Bank of China issued a notice to enhance the management of RMB cross-border interbank financing, aiming to improve transparency and stability in offshore RMB liquidity [10] - The Hong Kong government plans to inject 10 billion HKD into the Hong Kong-Shenzhen Innovation and Technology Park and the New Territories Science Park to bolster public-private partnerships [9]

Group 1 - The current cryptocurrency market is at the intersection of technological innovation and institutional strategies, moving towards deeper asset integration [1][4] - Stani Kulechov, founder of Aave, proposed a vision for tokenizing "prosperous assets," suggesting that by 2050, tokenizing infrastructure assets valued at approximately $50 trillion, such as solar energy, will provide unprecedented collateral support for DeFi [1][4] - The transition from scarce assets to sustainable and renewable energy assets through tokenization is expected to offer global capital high liquidity and low-risk returns, accelerating the scaling of on-chain lending markets [1][4] Group 2 - Institutional movements remain a stabilizing force for market confidence, with Strategy Company showing strong holding intentions despite market pullbacks [2][5] - Michael Saylor, founder of Strategy Company, announced the upcoming 99th Bitcoin transaction, maintaining a continuous buying streak for 12 weeks, with a recent purchase of 1,142 Bitcoins for over $90 million, bringing total holdings to approximately $49.3 billion [2][5] - This accumulation behavior across market cycles reflects mainstream institutions' recognition of digital assets as long-term reserve assets, further solidifying their pricing power and market influence [2][5] Group 3 - The evolution of market monitoring tools provides investors with new perspectives for risk observation, highlighted by a significant $6.93 billion leveraged liquidation event on October 10, 2025, where WLFI token exhibited notable leading volatility [3][5] - WLFI token began to decline significantly five hours before Bitcoin, which was still stabilizing at a high price of $121,000, indicating complex internal correlations within the crypto market [3][5] - Monitoring these specific tokens as "early warning signals" may be key for investors to avoid systemic risks [3][5] Group 4 - The overall narrative of tokenizing $50 trillion in physical assets in the DeFi space, along with institutional investors' resilience during volatile markets, indicates a shift in the crypto market from speculation-driven to value-driven [6] - The continuous improvement of risk warning mechanisms and the increasing diversity of asset classes are expected to significantly enhance the market's risk resistance and capital efficiency [6] - This maturation trend will lay a solid foundation for future global financial transformations [6]

Core Insights - The Vietnam International Financial Center (VIFC-HCMC) was officially inaugurated in Ho Chi Minh City, with Prime Minister Pham Minh Chinh in attendance, showcasing the government's commitment to enhancing the financial landscape in Vietnam [1] Group 1: Achievements and Developments - VIFC-HCMC has achieved significant milestones shortly after its launch, including the establishment of an aviation finance center with total committed capital reaching $6.1 billion, reflecting confidence from international investors and financial institutions [1] - The maritime finance center is being developed to provide effective services for trade financing, logistics, and supply chain activities related to international trade [1] - VIFC-HCMC has successfully raised $2 billion for smart city data infrastructure projects and financial solutions to support the development of Ho Chi Minh City, establishing itself as a crucial link between capital markets and the real economy [1] Group 2: Investment Initiatives - A $1 billion urban on-chain economy investment fund has been established, focusing on blockchain, asset tokenization, and next-generation digital financial models, creating a space for experimentation and development in cutting-edge financial technology [1] - Future cross-border trade transactions worth billions of dollars from TikTok are expected to be processed through VIFC-HCMC's banking and financial systems, enhancing the center's liquidity, market depth, and role as a financial intermediary in the region [1] Group 3: Founding and Strategic Members - During the inauguration ceremony, VIFC-HCMC awarded commitment certificates to its founding and strategic members, which include major groups and financial institutions such as Sovico Group, MB Bank, TPBank, SHB, Son Kim Capital, VinaCapital, and Nasdaq [2] - Strategic members also include Nam A Bank, Ho Chi Minh City National Financial Investment Company (HFIC), University of Economics Ho Chi Minh City (UEH), On-chain Economy Alliance, Gemadept Group, and TikTok [2]

Group 1: Company Overview - Nanya Technology (688519.SH) is expected to achieve revenues of 49.48 billion, 61.75 billion, and 73.41 billion CNY for the years 2025 to 2027, with net profits of 2.24 billion, 5.11 billion, and 7.83 billion CNY respectively, leading to a target market value of 229.80 billion CNY and a target price of 97.88 CNY for 2026, receiving a "Buy" rating [2][7]. - Shunxin Agriculture (000860.SZ) is projected to have revenues of 72.6 billion, 79.6 billion, and 86.7 billion CNY from 2025 to 2027, with net profits of -1.5 billion, 0.6 billion, and 1.7 billion CNY, reflecting a significant decline in 2025 but recovery in subsequent years, and is rated "Accumulate" [4][21]. Group 2: Industry Insights - The demand for high-end CCL (Copper Clad Laminate) is expected to grow significantly, with a projected CAGR of 40% from 2024 to 2027, driven by AI and high-frequency applications, although the market is currently dominated by a few key players [8][9]. - The white liquor industry is facing significant pressure, with production showing negative growth and a shift in consumer preferences towards quality over quantity, leading to intensified competition and a focus on value rather than scale [20][21]. - The asset tokenization market is entering a new era of compliance management, providing more diverse financing channels for companies with quality underlying assets, which may optimize their financing structures and enhance compliance credibility [15][17].

Core Viewpoint - Bed Bath & Beyond is acquiring Tokens.com to enhance its blockchain initiatives, focusing on tokenization, which has led to a 5% increase in its stock price [1] Group 1: Acquisition Details - The acquisition aims to establish a "critical foundation" for a personalized investment platform that consolidates fragmented real-world markets [2] - The platform will utilize infrastructure from partners such as Figure Technologies, tZERO, and ShyftLabs [2] Group 2: Platform Objectives - Tokens.com is designed to create modern financial infrastructure that integrates fragmented asset classes and financing needs, unlocking liquidity in asset silos [3] - The platform will support tokenized real-world assets, including public and private securities and asset-backed financing solutions like home equity and refinancing [3] Group 3: Strategic Vision - The strategy focuses on providing compliant liquidity pathways for homeowners and real-world asset holders, as stated by CEO Marcus Lemonis [4] - The financial terms of the acquisition were not disclosed, but the platform is expected to be operational by July 1 [4] Group 4: Blockchain Focus Expansion - The acquisition will broaden Bed Bath & Beyond's blockchain focus beyond its current strategic investments, which include tZERO and GrainChain [5] - Figure CEO Michael Tannenbaum highlighted that Tokens.com can unlock trillions in U.S. home equity and crypto assets, enhancing consumer liquidity [5] Group 5: Company Performance - Last year, the blockchain lending firm completed its IPO, raising nearly $8 million and achieving a valuation exceeding $5 billion [6] - Bed Bath & Beyond's shares recently traded around $6.22, reflecting a 6.68% increase over the past month, with blockchain services being a core part of its future strategy [6]

Group 1 - The core announcement from 德祥地产 involves a new round of share issuance, introducing Hong Kong legislator 吴杰庄 as a new shareholder and allowing strategic shareholder 瑞凯集团 to significantly increase its stake [1] - The company is issuing 11.5 million new shares to 吴杰庄 at a price of HKD 1.14 per share, representing a 62.86% premium over the last placement, with a lock-up period until December 21, 2026 [1] - 瑞凯集团 is set to acquire 130 million new shares and 180 million non-listed warrants, potentially increasing its stake to 30.90% with an investment of HKD 470 million, which may trigger a mandatory takeover offer [1] Group 2 - 瑞凯集团's increased stake is part of a strategic plan, following a previous share issuance in November 2025 that raised HKD 70.56 million and increased 瑞凯's stake to 10% [2] - The chairman of 瑞凯集团, 刘浩然, indicated the possibility of a full acquisition of 德祥地产 in the future, emphasizing the company's compliance with regulations regarding real-world assets (RWA) [2] - 德祥地产 aims to transition from being an asset holder to an asset provider and digital asset issuance platform, enhancing liquidity and attracting global investors [2] Group 3 - The involvement of 陈国强, known as the "shell king," signifies a strategic shift in 德祥地产's operations, moving away from traditional real estate towards RWA [4] - 陈国强 expressed the need for new generations to lead the business, indicating a gradual handover of responsibilities [4] - 德祥地产's chairman, 张汉杰, noted the company's financial health and industry trends as reasons for the current transformation, with plans to start asset tokenization from office properties [4] Group 4 - 德祥地产 has sold HKD 1.7 billion in real estate assets over the past 15 months, reducing its debt by HKD 1.3 billion, with plans to eliminate the remaining debt of under HKD 600 million in the next three months [5] - The company intends to continue seeking suitable residential and commercial investment projects despite market cycles [5]