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Title: Chinese Real Estate Giant Seazen Group to Launch NFTs, Issue Tokenized Private Debt
Chinese real estate giant Seazen Group announces plans to launch non-fungible tokens (NFTs) and issue tokenized private debt. The move is being facilitated by the creation of a Digital Assets Institute in Hong Kong, which will allow the company to capitalize on Hong Kong’s permissive stance on cryptocurrency and blockchain technology.
Seazen Group has opted to establish this institute under the direction of Vice Chairman Wang Yifen, with the goal of issuing tokenized financial instruments such as private bonds and convertible bonds. This expansion into the realm of digital assets aims to generate additional revenue for the company by tapping into a burgeoning market in real world asset digitization.
It is worth noting that Seazen Group’s efforts come at a time when Beijing has hinted at relaxing its long-standing prohibition on cryptocurrency trading, amid reports suggesting the Chinese government is set to permit the development and operation of yuan-backed stablecoins. Whether this relaxation will also extend to allow open trading of popular cryptocurrencies like Bitcoin and Ethereum remains unclear.
In the context of these developments, Seazen Group’s announcement highlights an emerging trend in China’s crypto landscape.
Source: www.coinspeaker.com
