According to Foresight News, Adrian Cheng, the former CEO of New World Development and grandson of Chow Tai Fook founder Cheng Yu-tung, has stepped down from several family business roles since last year. He has now announced the establishment of ALMAD Group, a comprehensive enterprise focused on Web 3 financial innovations. The group aims to explore investments in digital assets and the tokenization of real-world assets (RWA). Additionally, ALMAD Group will investigate the application of blockchain technology and immersive digital experiences across various industries.

#RWA