New City Development will establish a Digital Asset Research Institute to promote the strategic layout of related RWA applications.

According to reports from HashiChain, New City Development announced in a statement that it will promote the strategic layout of related RWA applications by leveraging its existing business accumulation and RWA tokenization technology. In addition, New City Development will establish a Digital Asset Research Institute in Hong Kong on August 29, aimed at coordinating and advancing the group's progress in key tasks such as RWA tokenization.