Core Viewpoint - The company, Huajian Medical, is undergoing a strategic transformation by establishing two joint ventures with ETHK Group to deepen its global blockchain financial ecosystem, focusing on asset tokenization, including "on-chain stocks" [1][8]. Group 1: Company Developments - On September 14, Huajian Medical announced the establishment of ETHK Inc. and ETHK HOLDINGS LIMITED to enhance its blockchain financial strategy [1]. - The company plans to change its English name to "ETHK Labs Inc." and its Chinese name to "华检数字产业集团有限公司" to reflect its ambition in digital industry innovation [1]. - Following the announcements, Huajian Medical's stock price surged approximately 8%, closing at HKD 10.71, a significant increase from HKD 2.22 on July 2 [2]. Group 2: Industry Trends - Asset tokenization is emerging as a major trend in global financial markets, exemplified by Galaxy Digital's recent partnership to allow shareholders to tokenize and hold GLXY stocks on-chain [5]. - The advantages of on-chain stocks include 24/7 trading, near-instant settlement, reduced transaction costs, and global accessibility, driving a revolution in traditional financial assets [5][13]. - A joint prediction by BCG and ADDX estimates that the global Real World Asset (RWA) market will reach USD 16.1 trillion by 2030, accounting for 10% of global GDP [6]. Group 3: Strategic Value - Huajian Medical's strategic upgrade aims to create a comprehensive "ETHK" blockchain financial ecosystem, focusing on five core pillars: technical infrastructure, financial product matrix, sustainable models, global compliance framework, and seamless user access [8][11]. - The company's vision aligns with national policies promoting financial technology innovation and digital economy development, providing new channels for global financing and circulation of quality Chinese assets [12]. - The on-chain stock tokenization model could revolutionize financing for capital-intensive industries, breaking traditional geographical and temporal limitations for global investors [12].

Core Viewpoint - Huajian Medical is undergoing a strategic transformation from a medical enterprise to a builder of a blockchain-based financial ecosystem, marking a significant shift in its business focus towards digital industry technology infrastructure [3][4]. Group 1: Strategic Transformation - The establishment of joint ventures ETHK Inc and ETHK HOLDINGS LIMITED signifies a well-planned shift in Huajian Medical's strategy, focusing on developing a decentralized financial platform and integrating digital industry investments [3][4]. - The new branding reflects this transformation, with the company changing its name to ETHK Labs Inc, indicating a commitment to digital technology [4]. Group 2: Wealth Creation - The ETHK ecosystem aims to facilitate the globalization of Chinese assets, providing a one-stop investment platform for global capital [5]. - The strategic framework includes five pillars: robust technical infrastructure, diverse financial products, sustainable business models, global compliance frameworks, and seamless user experiences [5]. Group 3: Strategic Elevation - Huajian Medical's strategy aligns with national policies promoting the marketization of intellectual property and technological financial innovation, responding to government initiatives [6]. - Market data supports this transition, with significant growth projected in the Real World Asset (RWA) market, indicating a strong demand for asset tokenization [6]. Group 4: Value Creation - The ETHK ecosystem enhances China's international pricing power for assets and supports the internationalization of the Renminbi, aligning with Hong Kong's digital financial center strategy [8]. - The initiative lowers the barriers for asset digitization, providing new financing avenues for high-tech enterprises and promoting inclusive finance by allowing ordinary investors to participate in top-tier asset investments [9]. - Huajian Medical's holdings in Ethereum and substantial cryptocurrency budget provide dual value propositions for investors, combining stable cash flow from traditional medical operations with the growth potential of digital assets [9].

Core Insights - The company, Olading Origin, is building a comprehensive financial ecosystem that transcends traditional DeFi limitations and redefines financial services in the Web3.0 era [1] Financial Infrastructure: Building the Ecosystem Foundation - Olading Origin has established a complete lending platform and wealth management section, utilizing a unique risk pricing model for dynamic interest rate adjustments based on on-chain credit ratings. The platform's total lending and deposit volume has surpassed $500 million, becoming a stable cash flow source within the ecosystem [2] Trading Innovations: DEX 2.0 and Cross-Chain Hub - The launch of the DEX 2.0 platform integrates turbo trading mechanisms and liquidity aggregation algorithms, achieving near-zero slippage in trading experiences. The cross-chain trading hub supports asset swaps across 12 mainstream public chains, addressing liquidity fragmentation issues, with a monthly trading volume growth rate exceeding 300% [4] Payment Revolution: From On-Chain to Offline - Olading Origin is pioneering the integration of crypto payments into mainstream scenarios through the LGNS gateway protocol, enabling seamless exchanges between various digital assets. The collaboration with VISA to launch a crypto debit card has made digital assets usable for everyday payments, with over 100,000 monthly transactions across more than 50 countries [5] Hardware Ecosystem: Depin Strategic Layout - In the decentralized physical infrastructure network (Depin) sector, Olading Origin has introduced the Wbekey multi-chain mobile ecosystem, which supports multi-chain asset management and allows users to participate as nodes in various blockchain networks. The product's pre-sale sold out in the first week, indicating a promising future for the integration of hardware and finance [6] Frontier Exploration: Future-Oriented Layout - The company is exploring the metaverse by developing VR financial interaction scenarios, testing a Web3.0 social platform that integrates financial behavior into social interactions, and establishing an AI financial lab focused on creating intelligent advisory systems based on large models. The synergy among various sectors within the ecosystem has resulted in a 45% inter-business flow rate, significantly higher than the industry average [8] Differentiated Advantages Compared to Traditional Financial Groups - Unlike centralized institutions constrained by regulatory barriers and departmental silos, Olading Origin leverages blockchain technology for genuine business integration. The rapid iteration of product development through smart contracts contrasts with the lengthy cycles of traditional finance. All ecosystem value is captured by the LGNS token, creating a positive feedback loop [10] Future Outlook - With the addition of more innovative sectors and deeper integration of existing businesses, Olading Origin aims to create a self-sustaining crypto economic system where financial services actively create value and permeate all aspects of digital life, potentially serving as the foundational infrastructure for the next generation of internet economy [11]

Core Viewpoint - Huajian Medical (01931) has announced a strategic upgrade, including the establishment of two joint ventures with ETHK Group and a name change to reflect its transformation into a digital industry innovator [1][4][5]. Group 1: Strategic Transformation - The company has formed joint ventures, ETHK Inc and ETHK HOLDINGS LIMITED, to enhance its global blockchain financial ecosystem [5]. - ETHK Inc will focus on developing a decentralized financial platform under the "ETHK" brand, while ETHK HOLDINGS LIMITED will serve as a digital industry investment and acquisition hub [5]. - The company will change its name from "IVD Medical Holding Limited" to "ETHK Labs Inc." and its Chinese name to "华检数字产业集团有限公司" [4][5]. Group 2: Blockchain Financial Ecosystem - The "ETHK" brand name combines "Ether" and "Kingdom," symbolizing a decentralized financial ecosystem that aligns with blockchain technology [9]. - ETHK Labs will be the core institution for advanced technology research and ecosystem empowerment within the ETHK framework [9]. - The company aims to redefine global asset circulation and value exchange through a next-generation blockchain financial ecosystem [9]. Group 3: RWA Market Opportunity - The transformation aligns with the explosive growth of the Real World Asset (RWA) market, which saw a total locked value (TVL) of $12.5 billion as of June 2025, a 124% increase from 2024 [10]. - The RWA market surged from $8.6 billion to over $23 billion in the first half of 2025, marking a growth of over 260% [11]. - By establishing joint ventures and rebranding, the company positions itself to lead the global RWA infrastructure development [11]. Group 4: Value Reconstruction - The strategic upgrade aims to enhance China's global digital financial influence by facilitating the "on-chain" movement of quality Chinese assets [12]. - The blockchain financial model promotes transparency and efficiency, addressing financing challenges for enterprises and supporting global asset integration [13]. - The transformation signifies a shift in valuation logic from traditional earnings-based models to revenue-based models, reflecting the company's new focus on digital infrastructure [13].

Core Viewpoint - Huajian Medical (01931) has announced a partnership with ETHK Group to establish the "ETHK" brand, focusing on building a blockchain financial ecosystem with five core pillars [1] Group 1: Partnership and Brand Development - The collaboration aims to create the "ETHK" brand, which will serve as a foundation for a blockchain financial ecosystem [1] - The partnership emphasizes the importance of optimizing mainstream public chains and developing proprietary blockchain infrastructure [1] Group 2: Financial Product Matrix - The initiative includes a financial product matrix that covers Real World Assets (RWA) and on-chain derivatives, with a focus on promoting "on-chain stocks" and equity tokenization [1] - This approach is designed to enhance the digitalization of global assets and facilitate the connection of Chinese assets with global capital [1] Group 3: Sustainable Model and Compliance - A sustainable model will be established, incorporating transaction fees and governance token incentives [1] - The framework will also include a compliance structure for global financial licenses, ensuring regulatory adherence [1] Group 4: User Integration - The strategy will integrate fiat currency channels to provide a seamless user entry point into the blockchain financial ecosystem [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。 IVD Medical Holding Limited 華檢醫療控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1931） 透 過「ETHK」核 心 品 牌 深 化 全 球 鏈 上 金 融 生 態 戰 略 佈 局 本 公 告 乃 由 華 檢 醫 療 控 股 有 限 公 司（「本公司」或「華檢醫療」，連 同 其 附 屬 公 司 統 稱「本集團」）自 願 作 出，旨 在 向 股 東 及 潛 在 投 資 者 提 供 本 集 團 業 務 發 展 的 最 新 資 料。 本 公 司 董 事 會（「董事會」）欣 然 宣 佈，本 公 司 於 近 期 與ETHK Group（「合作方」）達 成 合 作，共 同 投 資 成 立 兩 家 新 公 司ETHK Inc及ETHK HOLDINGS LIMITED（「合 資 公 司」）。合 資 公 司 將 成 為 ...

Core Insights - Web3 finance is transforming traditional financial operations through blockchain, smart contracts, and digital assets [2] - The sector is gaining significant attention from capital markets, with decentralized finance (DeFi), stablecoins, NFT financialization, and on-chain payments emerging as key innovation areas [2] Group 1: Macroeconomic Value of Web3 Finance - Enhances financial efficiency and reduces intermediary costs through automated settlements and transactions via smart contracts [3] - Capital markets are increasingly focused on DeFi platforms, on-chain payment companies, and digital asset custody firms, which are frequently securing funding [3] - The industry encompasses a wide range of components, including blockchain technology, application protocols, digital asset platforms, and derivatives markets [3] - Promotes financial inclusion and increases the convenience of cross-border transactions [3] Group 2: Main Segments of Web3 Finance - DeFi provides lending, trading, and wealth management services through smart contracts [3] - Stablecoins and digital payments enhance cross-border payment and settlement efficiency [3] - NFTs are being utilized for financial derivative applications involving art, gaming assets, and rights [3] - On-chain derivatives and exchanges offer investors contracts, leverage, and risk management tools [3] - Cross-chain interoperability is essential for connecting different blockchain ecosystems [3] Group 3: Financial Logic of Web3 - Web3 finance is in its early stages, presenting substantial growth potential [3] - Capital is driving innovation and the rapid establishment of user bases and ecosystems [3] - Companies with expertise in underlying protocols and cross-chain technology are achieving high valuations [3] - The sector is expected to expand as global digital asset adoption increases [3] Group 4: Capital Market Reflections - DeFi and on-chain payment companies are attracting significant investment [5] - Some leading firms are entering capital markets and experiencing strong demand [5] - Opportunities exist across the supply chain, including hardware wallets, node services, and security auditing companies [5] - Cross-industry capital is increasingly entering the Web3 finance space, with internet, finance, and venture capital firms making investments [5] Group 5: Challenges in Web3 Finance - Technical risks and vulnerabilities, such as smart contract flaws, can lead to financial losses [5] - Market volatility poses risks to financial stability due to fluctuating digital asset prices [5] - There is a lack of user education regarding decentralized products [5] - Some platforms still rely on subsidies and speculative drives, indicating immature business models [5] Group 6: Future Trends - Web3 finance is expected to gradually integrate into mainstream financial systems [5] - Cross-chain and multi-chain ecosystems will promote interoperability among different networks [5] - Real-world assets (RWA) will increasingly be integrated with blockchain technology [5] - The fusion of AI and Web3 will enhance the intelligence of decentralized finance [5] Group 7: Investor Considerations - Focus on leading DeFi platforms that possess user scale and security advantages [5] - Invest in stablecoins and payment companies, as payments are a core application of Web3 finance [5] - Emphasize infrastructure and security firms, including node services and auditing companies, which hold long-term value [5] - Web3 finance represents a long-term trend suitable for patient capital investment [5]

Core Viewpoint - Figure, a blockchain lending platform, successfully went public on Nasdaq, closing its first day up 24.44% at $31.11, indicating strong market interest in crypto IPOs [1] Group 1: Company Overview - Figure's IPO raised $787.5 million, with a market valuation of approximately $6.6 billion, surpassing its previous valuation of $3.2 billion from a 2021 funding round [1] - The company was founded in 2018 by Mike Cagney and utilizes blockchain technology to streamline loan processes, including home equity loans [1][2] - Figure has issued over $16 billion in loans through blockchain channels [2] Group 2: Financial Performance - For the six months ending June 30, the company reported a net profit of $29.1 million and revenue of $190.6 million, compared to a net loss of $15.6 million and revenue of $156 million in the same period the previous year [2] Group 3: Market Context - This week is noted as one of the busiest for IPOs in the U.S. this year, with Gemini Space Station, a cryptocurrency exchange, also set to go public [1] - Figure's IPO attracted over 25 times the subscription volume, indicating strong investor interest [2]

Figure成立于2018年，已在区块链上资助超过160亿美元贷款，并在房屋净值信贷额度等领域应用其技 术。公司财务业绩稳健，今年上半年扭亏为盈，营收同比增长22%。Figure CEO Michael Tannenbaum强 调公司是在现实世界中通过区块链创造价值的典范，并指出前20大抵押贷款公司中有10家使用其技术。 Figure的IPO发行价为每股25美元，较指导区间有所上调，成功募资近7.88亿美元。上市首日，Figure股 价一度大涨超过50%，收盘时涨幅回落至24.4%，市值达到约65.7亿美元。 （文章来源：证券时报网） ...

Core Viewpoint - Figure Technology Solutions (FIGR.US) has successfully launched its IPO on the US stock market, opening with a significant increase of over 36% to $34.3, compared to its IPO price of $25 [1] Company Overview - Figure Technology Solutions operates a blockchain consumer lending platform, providing a vertically integrated blockchain solution that supports various market activities including consumer credit, digital assets, lending, trading, and investment [1] - The company's infrastructure is primarily based on the Home Equity Line of Credit (HELOC) market [1] - Founded in 2018, Figure reported a revenue of $375 million for the 12 months ending June 30, 2025 [1]