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Fosun drives up interest for Hong Kong stock performance-linked tokens on blockchains
This initiative ‘shows where the future of capital markets is heading’, the CEO of Fosun partner Vaulta says
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A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens.
Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution for real-world asset (RWA) tokenisation in Hong Kong.
The first Hong Kong stock performance-linked token created with Finloop’s solution was for Fosun unit Sisram Medical, which was live and available to global customers, with a market value of US$328 million, according to Fosun Wealth.
RWA tokenisation is the process of creating digital representations, or tokens, of traditional assets – including stocks, real estate, art or bonds – on a blockchain. These tokens embody the ownership or value of the underlying asset.
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