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Coolpad Group establishes RWA business unit to explore tokenization of real-world assets

Summary: Coolpad Group (02369.HK) announced the establishment of the 'Real World Asset Tokenization Business Unit' (RWA Business Unit) to coordinate the tokenization of real-world assets such as properties. The company had already begun exploring Web3.0-related initiatives in 2023, and the creation of the RWA Business Unit aims to more systematically align with the development trends of ...

Coolpad Group (02369.HK) announced the establishment of the 'Real World Asset Tokenization Business Unit' (RWA Business Unit) to coordinate the tokenization of real-world assets such as properties. The company had already begun exploring Web3.0-related initiatives in 2023, and the creation of the RWA Business Unit aims to more systematically align with the development trends of Web3.0 technology and actively respond to the innovative direction advocated in the Hong Kong SAR government's 'Digital Asset Development Policy Declaration 2.0'. The department is led by the company's Chairman and CEO, Chen Jiajun. (Zhixin Finance)

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