Coolpad Group: RWA business division established, will explore property asset tokenization

According to Zhitong Finance, Coolpad Group announced that it has established a Real World Asset Tokenization Division, which aims to promote the tokenization of property assets. As of December 31, 2024, the book value of the Group's investment properties was approximately HK$3.151B. Currently, preliminary RWA feasibility studies are being conducted on Coolpad Building in Nanshan, Shenzhen, and Coolpad Technology Ecological Park in Songshan Lake, Dongguan. If the pilot project is successful, the Group plans to expand its service model to assist more companies in exploring asset tokenization and promote the large-scale application of RWA technology in related industries. [Foresight News]