``` Geli Technology Plans to Issue Sandalwood RWA Token in Hong Kong, Aiming to Raise 100 Million Yuan ```
BlockBeats News, December 19th, according to
The Paper
report, Geely Technology Group, a subsidiary of Geely Auto, plans to transform rare Hainan Huanghuali wood into tradable RWA (Real World Asset) tokens. Zhao Xiaobao, its Chief Representative in Hainan, stated that this initiative could provide financial support to industries facing cash flow pressure. Geely Technology intends to issue the first batch of tokens in Hong Kong in the coming months, aiming to raise 100 million RMB.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Market Analysis: Bank of Japan Unlikely to Raise Interest Rates Again Before June Next Year
BlockBeats•2025/12/19 13:09
Stablecoin infrastructure Nodu completes $1.45 million Pre-Seed funding round, led by Digital Space Ventures
Chaincatcher•2025/12/19 13:06
