Derlin Holdings Group is expected to become the first licensed broker in Hong Kong, planning to put physical assets worth up to HKD 500 million on the blockchain.

According to news from CoinWorld, Derlin Holdings Group (1709.HK) announced on the Hong Kong Stock Exchange that it has made substantial progress in its partnership with fintech company Asseto Fintech Limited (Asseto) on the tokenization of real-world assets (RWA) project. Following the signing of a strategic cooperation memorandum on June 30, Derlin Holdings is expected to become the first licensed broker in Hong Kong to independently implement the tokenization of commercial properties. It plans to convert physical assets valued at up to HKD 500 million into digital rights through blockchain technology, and will distribute part of it in a compliant manner to qualified shareholders of Derlin Holdings, compliant users of Derlin Securities, and certified users of the technology financial platform NeuralFin, with a maximum distribution amount of HKD 60 million.
In addition, Derlin Holdings has also planned to apply for a Hong Kong stablecoin license and will accelerate the promotion of its AI applications under 'NeuralFin' and the synergy with Asseto.
According to previous news, Derlin Holdings has reached a strategic cooperation intention with ViaBTC and plans to carry out in-depth cooperation in multiple fields, including: jointly conducting over-the-counter (OTC) cryptocurrency trading; providing professional asset management and family office services for OTC and/or cryptocurrency mining clients.