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CITIC Trust's subsidiary launches RWA token based on Ethereum with convertible preferred notes

Summary: In a breaking news, CITIC Trust's wholly-owned overseas platform CITIC Trust Hui jointly holding a Hong Kong virtual asset license with EXIO Group, successfully issued the first real-world digital asset RWA token $EXCB-25 (Ethereum mainnet) using convertible preferred notes. It is reported that this model supports stablecoin subscription with a note structure, reducing costs and ...

In a breaking news, CITIC Trust's wholly-owned overseas platform CITIC Trust Hui jointly holding a Hong Kong virtual asset license with EXIO Group, successfully issued the first real-world digital asset RWA token $EXCB-25 (Ethereum mainnet) using convertible preferred notes.

It is reported that this model supports stablecoin subscription with a note structure, reducing costs and improving on-chain asset ownership efficiency.

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