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DL Holdings Announces Tokenization of Real-World Assets

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DL Holdings Announces Tokenization of Real-World Assets

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DL Holdings Group Limited ( (HK:1709) ) has issued an update.

DL Holdings Group Limited has announced a strategic initiative to tokenize real-world assets (RWA) in collaboration with Asseto. The project aims to tokenize assets valued up to HK$500 million, including interests in DL Tower and three managed funds, with a distribution plan targeting eligible shareholders, clients of DL Securities, and users of the NeuralFin Technology platform. The initiative is subject to regulatory approval from the Securities and Futures Commission of Hong Kong, highlighting DL Holdings’ move towards innovative financial solutions and potentially enhancing its market position.

More about DL Holdings Group Limited

DL Holdings Group Limited is a company incorporated in the Cayman Islands, focusing on financial services and asset management. The company is involved in various investment activities, including managing funds and real estate interests.

Average Trading Volume: 14,654,959

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.68B

Find detailed analytics on 1709 stock on TipRanks’ Stock Analysis page.

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