Chinese real estate developer Seazen Group announced that it will research real asset tokenization (RWA) with a new institute it will establish in Hong Kong. This step will be a first for a major Chinese developer and will enable assets to be bought and sold on the blockchain by converting them into digital tokens.
While the sector is experiencing a cash crunch following the debt crisis that began in 2021, Seazen, considered financially strong, will evaluate the possibility of tokenizing intellectual property rights and asset revenues through the Seazen Digital Assets Institute.
According to Bloomberg, the company plans to establish a digital asset management unit and launch NFT products by the end of the year.
Seazen also stood out earlier this year with its $300 million bond sale, the first transaction from a private Chinese developer since 2023.
