NVT and Cinda International Asset Management have launched STBL on HashKey Exchange: An important milestone in the development of digital finance in Hong Kong

Hong Kong's leading fintech innovation and infrastructure service provider NVT HK Limited (referred to as "NVT") and Cinda International Asset Management Limited (referred to as "Cinda International Asset Management") today jointly announced the official launch of the Short-Term Asset-Backed Liquidity Note Token (referred to as "STBL") on the wealth management channel of HashKey Exchange, a licensed virtual asset exchange in Hong Kong. The launch of STBL marks the introduction of the first transferable tokenized restructured packaged note on a licensed exchange in Hong Kong, demonstrating the city's strong commitment to promoting compliant digital finance.

STBL is jointly innovated and launched by NVT and Cinda International Asset Management, with its first issuance on the Ethereum blockchain on December 16, 2024. The underlying assets of STBL are a portfolio of AAA-rated money market funds (MMFs), providing professional investors not only with stable returns and high liquidity investment options but also a reliable digital trading medium. The 24/7 transferability and global accessibility of STBL make it an important bridge between traditional capital markets and the digital economy.

Zhao Jianggong, founder and CEO of NVT, stated: "As an on-chain operator and technology solution provider, NVT is honored to collaborate with Cinda International Asset Management to launch this innovative product, combining the traditional attributes of money market cash instruments with the efficiency of blockchain. STBL is not just a yield-generating product; it showcases how compliant tokenization can create new forms of trading mediums, enhancing transparency, efficiency, and accessibility in global markets."

The launch of STBL on a licensed virtual asset exchange highlights Hong Kong's ongoing efforts to build a compliant, institutional-grade digital asset market. NVT and Cinda International Asset Management will continue to work closely with more licensed exchanges and distributors to expand the reach of STBL and further develop compliant digital products for global investors.

About NVT

NVT HK Limited (referred to as "NVT") is a technology company headquartered in Hong Kong, focusing on providing digital infrastructure for financial institutions and enterprises. NVT's shareholder, Zhonglian Development Holdings Group Limited (referred to as "Zhonglian Development", 00264.HK), has provided strong support for the company's long-term development in the Hong Kong financial market. As a pioneer in blockchain and tokenization services, NVT offers a comprehensive set of infrastructure solutions, including a real-world asset (RWA) tokenization platform, virtual asset brokerage systems, and enterprise-level digital wallet solutions.

In 2024, NVT successfully delivered two landmark projects: assisting GF Securities (Hong Kong) in completing the first tokenized securities issuance under Hong Kong's legal framework, and supporting Cinda International Asset Management in launching the Short-Term Asset-Backed Liquidity Note Token STBL. In 2025, NVT further expanded its achievements by helping Jinzhu Asset Management Co., Ltd. launch a tokenized limited partnership fund. These successful cases highlight NVT's efficiency and reliability in RWA tokenization infrastructure, as well as its commitment to a customer-centric innovation spirit. NVT is dedicated to bridging traditional finance and digital finance, helping institutions thrive in the global market.

In August 2025, Zhonglian Development announced its strategic investment in NVT. This investment allows Zhonglian Development to directly participate in the valuation growth of NVT brought about by the global RWA market expansion. At the same time, NVT's expertise and ecosystem will support Zhonglian Development in developing its own RWA business and solutions, accelerating the company's entry into this rapidly growing digital finance sector.

About Cinda International Asset Management

Cinda International Asset Management was established in 1993 and is a wholly-owned subsidiary of Cinda International Holdings Limited. Cinda International Asset Management is a licensed corporation regulated by the Securities and Futures Commission ("SFC") and is licensed by the SFC to conduct regulated activities under Type 4 (advising on securities) and Type 9 (asset management). Cinda International Asset Management serves as the core platform for the diversified asset management business of China Cinda Asset Management Co., Ltd. and its subsidiaries ("China Cinda Group") overseas. With the extensive business network of China Cinda Group across the country, comprehensive resource support, an international investment vision, in-depth understanding of cross-border investment and financing operations, and efficient execution capabilities, Cinda International Asset Management has become a platform rooted in Greater China and actively participating in global investment business.