China's construction company New Town Group plans to finance through tokenization of debt.

[China's construction company New Town Group plans to finance through tokenization of debt] According to Bloomberg, China's construction company New Town Group Co., Ltd. plans to issue tokenized private sale bonds by the end of the year to enter the Hong Kong digital asset market. The company announced its strategy to explore such assets on Friday. The company expects to establish a digital asset management department by the end of the year and launch non-fungible Token products related to its Wuyue Plaza investment properties.

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