Hong Kong's leading fintech innovation and infrastructure service provider NVT HK Limited (referred to as 'NVT') and Cinda International Asset Management Limited (referred to as 'Cinda International Asset Management') today jointly announced that the short-term asset-backed liquidity notes token (referred to as 'STBL') officially launched on the wealth management channel of the licensed virtual asset exchange in Hong Kong—HashKey Exchange. The launch of STBL marks the introduction of the first transferable tokenized restructured notes on a licensed exchange in Hong Kong, showcasing Hong Kong's firm commitment to promoting compliant digital finance.
STBL was jointly innovated and launched by NVT and Cinda International Asset Management, first issued on the Ethereum blockchain on December 16, 2024. The related assets of STBL are a portfolio of AAA-rated money market funds (MMFs), offering professional investors not only stable returns and high liquidity investment options but also a reliable digital trading medium. The 24/7 transfer and global accessibility features of STBL make it an important bridge between traditional capital markets and the digital economy.
NVT founder and CEO Zhao Jianguo stated: "As an on-chain operator and technology solution provider, NVT is honored to collaborate with Cinda International Asset Management to launch this innovative product, combining the traditional attributes of cash instruments in the money market with the efficiency of blockchain. STBL is not just an income-generating product; it demonstrates how compliant tokenization can create new forms of trading mediums, enhancing the transparency, efficiency, and accessibility of global markets."
The launch of STBL on licensed virtual asset exchanges highlights Hong Kong's ongoing efforts to build a compliant, institutional-grade digital asset market. NVT and Cinda International Asset Management will continue to closely collaborate with more licensed exchanges and distributors to expand the reach of STBL and further develop compliant digital products for global investors.
About NVT
NVT HK Limited (referred to as 'NVT') is a technology company headquartered in Hong Kong, focusing on providing digital infrastructure for financial institutions and enterprises. NVT's shareholder, Zhonglian Development Holdings Group Limited (referred to as 'Zhonglian Development', 00264.HK), has provided strong support for the company's long-term development in the Hong Kong financial market. As a pioneer in blockchain and tokenization services, NVT offers a complete set of infrastructure solutions, including real-world asset
(RWA) tokenization platforms, virtual asset brokerage systems, and enterprise-level digital wallet solutions.
In 2024, NVT successfully delivered two landmark projects: assisting GF Securities (Hong Kong) in completing the first tokenized securities issued under the Hong Kong legal framework, and supporting Cinda International Asset Management in launching the short-term asset-backed liquidity notes token STBL. In 2025, NVT further expanded its achievements, helping Jinzho Asset Management Limited launch a tokenized limited partnership fund. These successful cases highlight NVT's efficiency and reliability in RWA tokenization infrastructure, as well as its commitment to customer-centric innovation. NVT is dedicated to building a bridge between traditional finance and digital finance, helping institutions thrive in the global market.
In August 2025, Zhonglian Development announced that it became a strategic shareholder of NVT. This investment enables Zhonglian Development to directly participate in the valuation growth of NVT brought about by the global RWA market expansion. At the same time, NVT's expertise and ecosystem will support Zhonglian Development in developing its own RWA business and solutions, accelerating the company's entry into this rapidly growing digital finance sector.
About Cinda International Asset Management
Cinda International Asset Management was established in 1993 and is a wholly-owned subsidiary of Cinda International Holdings Limited. Cinda International Asset Management is a licensed corporation regulated by the Securities and Futures Commission ('SFC') and is licensed by the SFC to conduct regulated activities under Type 4 (Advising on Securities) and Type 9 (Asset Management). Cinda International Asset Management is the core platform for China Cinda Asset Management Co., Ltd. and its subsidiaries ('China Cinda Group') to carry out diversified asset management business overseas. With the extensive business network of China Cinda Group across the country and comprehensive support in resources, the team's international investment vision, in-depth understanding of cross-border investment and financing business, and efficient execution capabilities, Cinda International Asset Management has become a platform rooted in Greater China and actively participating in global investment business.