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BTC $66,921.47 +1.12%
ETH $1,936.98 +0.20%
BNB $607.39 +0.76%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $544.84 +0.31%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

forest

Hongqiao Group布局 RWA, partnering with Dongfang Yilin to build a "forestry + finance + blockchain" ecosystem

ChainCatcher news, according to Zhitong Finance, Hongqiao Group (08137) announced that after the market closed on August 8, the company entered into a non-binding strategic cooperation memorandum with Dongfang Yilin Industrial Co., Ltd. Dongfang Yilin is a comprehensive operator of timber asset digitization registered in China.According to the memorandum, the main cooperation content between the two parties is as follows: both parties will use Hainan Huanghuali standing timber as the underlying asset to jointly explore the financialization path of precious timber assets, promote the industrialization of ecological resources, the capitalization of ecological industries, the productization of ecological capital, and the marketization of ecological products. They plan to construct a "precious timber industry resources + finance + blockchain" green economic closed loop, in line with the latest trends in RWA, stablecoins, and compliant digital currency issuance.The announcement stated that the group focuses on a business model in the resource sector and is committed to finding investment opportunities with resilience and stability. Hainan Huanghuali is the top among the world's five famous woods, possessing scarcity, growth potential, and high-value attributes. The proposed cooperation aligns with the group's exploration of potential business development models and strategic deployment requirements.
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