๐จ๐ณ Green light for tokenization in China!
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๐น The largest Chinese brokerage firm GTJAI has officially launched its asset tokenization activities, after receiving approval from the Securities and Futures Commission (SFC) in Hong Kong.
โช๏ธ GTJAI is a subsidiary of Guotai Haitong Group, a state-owned group that manages assets worth $230 billion.
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โก What is the significance of this move?
โข It represents China's official entry into the realm of real-world asset (RWA) tokenization.
โข It enhances Hong Kongโs position as a global hub for digital finance.
โข A step that reflects institutional transformation to support blockchain within giant government entities.
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