Fosun Wealth's subsidiary has launched a one-stop RWA tokenization platform, aiming to custody 100 billion HKD in assets within five years.

According to Techub News, as reported by Hong Kong Wen Wei Po, Fosun Wealth subsidiary Xinglu Technology has launched the one-stop RWA technology, issuance, and distribution platform FinRWA Platform 1.0 (FRP 1.0). CEO Cai Hua stated that FRP 1.0 is an open platform that provides asset parties with compliance guidance and technical support for RWA issuance in Hong Kong, enabling various Financial Institutions to quickly access the RWA and stablecoin market for distribution, trading, and redemption, offering compliant and stable one-stop trading services while dropping compliance risks. The platform has achieved a comprehensive solution at system level, compliance and business level, and functional level, and will collaborate with stablecoin issuers, RWA investment banks, Crypto Assets exchanges, various upstream and downstream trading desks, and custody compliance technology providers in the industry to jointly provide comprehensive solutions. The platform aims to achieve a custody asset scale of HKD 100 billion within 5 years, currently nearing HKD 20 billion, and believes that it will further break through with policy and market maturity in the future.