Hong Kong's first RWA licensed broker Delin announced plans to put up to HK$500 million of physical assets on the blockchain

On July 9th, Delin Holdings Group (1709.HK) announced at the Hong Kong Stock Exchange that the Real World Assets (RWA) tokenization project in collaboration with the leading financial technology company Asseto Fintech Limited (Asseto) has made substantial progress. Following the strategic memorandum of understanding signed on June 30th, Delin Holdings is expected to become the first licensed securities firm in Hong Kong to independently implement commercial property tokenization, planning to convert physical assets worth up to 500 million Hong Kong dollars into digital equity through blockchain technology. Part of this will be distributed in a compliant manner to eligible Delin Holdings shareholders, Delin Securities compliant users, and certified users of its technology financial platform NeuralFin, with a distribution amount of up to 60 million Hong Kong dollars. The first batch of assets to be tokenized includes certain rights to the Delin Building in Central and asset rights of three group management funds. The project will rely on Asseto's blockchain infrastructure to achieve compliant on-chain mapping and tokenization, and is currently actively communicating with the Hong Kong Securities and Futures Commission regarding asset management license applications and operational details. Delin Holdings stated that this move not only demonstrates the company's commitment to shareholders and customers but also brings direct asset revenue potential to participants. Unlike traditional cash or dividend distributions, this distribution allows participants to directly hold on-chain assets, enjoying higher transparency and liquidity, and participating in the new generation of digital financial ecology. Additionally, the project will for the first time achieve a compliant binding of shareholder identity with digital asset rights, providing shareholders with an innovative experience through blockchain technology and exploring new modes of shareholder participation and digital interaction.