Historic Milestone: Hong Kong Launches Its First Transferable Tokenized Restructuring Notes with NVT's Game-Changing Technology

On December 16, 2024, Hong Kong witnessed a groundbreaking achievement in the world of finance with the successful issuance of its first transferable tokenized repackaging notes, thanks to the collaborative efforts of NVT HK Limited (NVT) and Cinda International Asset Management Limited. This marks a pivotal moment, as the Short-Term Asset-Backed Liquidity Note Token (STBL) is now the first transferable tokenized note orchestrated by a financial institution in the region, utilizing the Ethereum blockchain technology.

Liu Jialing, the Managing Director of Cinda International Asset Management, proudly proclaimed in a press release dated December 24, 2024, “This innovative financial product showcases Hong Kong's critical role as a global hub for financial innovation.” The primary clientele for the STBL consists of professional investors, which aligns with the definitions set out under the Hong Kong Companies Ordinance Chapter 571 and the Securities and Futures Ordinance. Underpinning the STBL are AAA-rated money market funds (MMFs), ensuring a solid foundation for this new financial product.

What Makes the STBL Particularly Attractive?

NVT stands out as the on-chain operator, delivering seamless blockchain technology solutions that facilitate the issuance and distribution, including partnerships with GF Securities (Hong Kong) Brokerage Limited and Hash Blockchain Limited for its initial distribution.

The features and advantages of the STBL highlight its potential to transform investment strategies:

- **Enhanced Cash Management**: By employing top-tier MMFs, the STBL offers a reliable and stable investment option, making it an attractive cash management tool for seasoned investors.

- **Unmatched Liquidity**: Investors can enjoy daily subscriptions and redemptions with 24/7 transfer capability, enhancing liquidity and flexibility for professional investors.

- **A Gateway to Global Investments**: As a perpetual bond, the STBL serves as an innovative alternative investment medium (AIM) that caters to the evolving needs of the blockchain community.

Voices from the Industry

Zhao Jianggong, Founder and CEO of NVT, expressed his excitement about this achievement: “NVT is privileged to play a role in launching STBL on the Ethereum blockchain. This initiative is not merely about product tokenization; it's a significant leap in integrating blockchain technology within traditional finance.

He emphasized the importance of Hong Kong’s unique financial landscape in facilitating this advancement, stating that the successful launch reflects the collaborative spirit and openness of the city’s financial environment. Zhao envisions extensive partnerships with financial institutions to further promote the digital transformation of capital markets, ultimately enhancing transparency, efficiency, and global reach.

Moreover, Zhao pointed out, “With STBL, we are enabled to execute the trading of on-chain financial products while adhering to Hong Kong’s compliance regulations. This achievement signifies a major turning point for the digital finance sector in Hong Kong.”

NVT's Vision and Future

NVT is rapidly establishing itself as a frontrunner in fintech, focusing on providing cutting-edge digital infrastructure and technology solutions tailored for financial institutions and corporate clients. Their RWA tokenization system is revolutionizing traditional financial products, transforming them into accessible and compliant digital assets.

In 2024 alone, NVT accomplished remarkable milestones, including helping GF Securities launch Hong Kong's first tokenized securities and now facilitating the issuance of STBL for Cinda International Asset Management. Such achievements underscore NVT's commitment to delivering exceptional customer service while demonstrating the efficacy of its RWA tokenization system.

NVT is poised for an exciting future, aiming to deepen collaboration and foster a thriving interconnected ecosystem that bridges traditional finance with the digital realm. The launch of STBL is not just a product; it is a testament to the resilience and adaptability of Hong Kong’s finance sector—ushering in a new era filled with unparalleled growth opportunities for all market participants.

Stay tuned as NVT continues to lead the charge in this revolutionary financial landscape!