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Fosun Wealth Holdings' blockchain financial platform FinChain has launched the RWA-backed stablecoin FUSD on the Avalanche platform. FUSD is supported by compliant financial assets (including money market funds and government bonds), aiming to provide native yield while maintaining full liquidity, and can be widely used in the DeFi space.

Fosun Wealth's Web3 brand FinChain has launched the yield-bearing RWA stablecoin FUSD on Avalanche. FUSD is backed by compliant financial assets such as money market funds and government bonds, achieving native yield while maintaining full liquidity and DeFi universality.

ChainCatcher news, September 3, reported by Theblock, Hong Kong Fosun Wealth Holdings announced that it has completed the tokenization of shares in the Hong Kong-listed Sisram Medical, valued at approximately $328 million. The project was implemented through Vaulta's "Banking OS" system and integrated the Solana blockchain into its technology architecture for issuance and settlement.It is reported that Sisram Medical (stock code: 1696.HK) is an Israeli medical technology company and is the first equity project under this tokenization plan. Fosun stated that it will promote the tokenization of other corporate bonds and shares in the future, but has not yet disclosed a specific timetable or target companies.

ChainCatcher news, according to Jinshi reports, Fosun Wealth Holdings announced on August 22 that it has become one of the distributors of tokenized structured notes for Singapore's largest bank, DBS Bank. This product is a participation note linked to cryptocurrencies, which pays cash returns when the price of digital assets rises, while limiting downside risk.

ChainCatcher news, according to The Paper, regarding the news that "Fosun has confirmed its application for a stablecoin license in Hong Kong and has formed a complete team for the stablecoin license application," Fosun stated that it "declines to comment."

ChainCatcher news, the market shows that Fosun International (00656.HK) has surged straight up, currently reported at HKD 6.25, an increase of over 16%.Earlier news, Fosun International plans to apply for a Hong Kong stablecoin license, with Guo Guangchang leading a delegation to meet with senior officials of the Hong Kong government.

ChainCatcher news, according to Tencent News "Frontline," Fosun has confirmed its application for a stablecoin license in Hong Kong and has formed a complete team for the stablecoin license application.It is understood that Guo Guangchang personally led the core members of Fosun's stablecoin team and some other executives to meet with the Chief Executive of the Hong Kong Special Administrative Region, John Lee, and the Financial Secretary of the Hong Kong SAR, Paul Chan. The Financial Secretary is the direct superior of the Monetary Authority, which is the regulatory body for the approval of stablecoin licenses in Hong Kong. So far, Fosun has stated that it will not comment on this matter.

ChainCatcher news, according to a disclosure from Finloop, a subsidiary of Fosun, the company has recently completed nearly ten million dollars in Series A financing, with investors including the Solana Foundation and other Web3 industry institutions.The funds from this financing will be used to rapidly build and enhance the company's new Web5 business system—RWA (Real World Assets), improving its integrated capabilities of fiat currency, stablecoins, and digital assets, and providing financial institution clients with a one-stop technology solution that links traditional finance and the digital asset world.It is reported that Finloop envisions Web5 as a strategic concept, with its business model primarily being a B2B service platform supporting all categories of financial products. This is achieved through a complete end-to-end technology solution and an AI operation platform, supporting all categories of products in Web2 (such as cash management, public funds, private funds, bonds, bills, insurance, etc.) as well as all categories of products in Web3 (such as standard financial assets RWA, non-standard assets RWA, VATP, virtual asset ETFs, overseas stablecoins, Hong Kong stablecoins, etc.). The fusion of the two gives birth to Web5, which not only maintains the security and compliance inherent in finance but also unleashes the infinite possibilities of the digital world.

ChainCatcher news, according to Hong Kong's Wen Wei Po, Fosun International's subsidiary Fosun Wealth International Holdings has recently registered multiple trademarks in Hong Kong, including "Fosun International Crypto," "Fosun Wealth RWA," and "Star Coin," indicating its strengthened layout in the cryptocurrency and virtual asset industry.The company has obtained a license upgrade from the Securities and Futures Commission, allowing it to provide virtual asset trading services to clients. Its subsidiary, Starry Road Technology, will hold a Web 3 strategic upgrade and RWA product launch conference this Wednesday, where it will showcase the "Web 5+RWA" strategic deployment and the launch of virtual asset trading system 1.0, among other contents.This move resonates with Hong Kong's recent passing of the "Stablecoin Regulation Draft" and the release of the "Hong Kong Digital Asset Development Policy Declaration 2.0."

ChainCatcher news, according to CoinDesk, Vaulta and Fosun Wealth Holdings are collaborating to support the blockchain infrastructure for the financial industry in Hong Kong. Vaulta will provide its BankingOS suite and exSat digital banking platform for asset issuance, yield generation, and crypto payments, while Fosun Wealth will provide support for financial licenses and physical asset issuance capabilities.

ChainCatcher news, according to Hong Kong Commercial Daily, Jin Hualong, Chairman of Fosun Wealth Holdings, stated that they will seize the development opportunities brought by Web 3.0 and actively expand into emerging fields such as virtual assets.Fosun Wealth is an important technology financial service and investment entity wholly owned by Fosun International in Hong Kong. Its subsidiary, Fosun International Securities Limited, was approved by the Hong Kong Securities and Futures Commission in June this year to provide a virtual asset trading service license and is currently expanding its product portfolio to offer integrated financial solutions. In the future, Fosun Wealth Holdings will orderly carry out related businesses such as virtual asset trading and trading financing.

ChainCatcher news, according to Bastille Post, Fosun International Securities, a subsidiary of Fosun Wealth International Holdings, announced that it has received preliminary approval from the Hong Kong Securities and Futures Commission to provide a virtual asset trading service license.Fosun Wealth stated that this strategic business upgrade provides strong support for Fosun Wealth Holdings to expand its product portfolio and offer integrated solutions to meet the ever-changing market demands.

ChainCatcher news, recently, Liang Xinjun, co-founder of Fosun Group, stated that the two leading projects in the decentralized field, Uniswap and MetaMask, have updated their privacy policies. Uniswap will collect users' publicly available on-chain and off-chain data to screen whether the wallet has any illegal activities. Meanwhile, MetaMask indicated that it will collect the corresponding IP address and ETH address when users send transactions.In April this year, the European Parliament approved a draft regulation that clearly aims to regulate non-custodial wallets. The government knows it is difficult to enforce regulation on VASPs in a decentralized native environment, so it cleverly shifts the problem to exchanges with compliance requirements. In the future, users will be forced to accept address binding as long as they need liquidity from exchanges.However, the government may feel that this approach is passive and lacks strength, especially with the catalytic effect of the FTX incident, prompting regulators to accelerate efficiency. How to do this? Tackle each issue individually. Now, Circle's USDC, Tether's USDT, etc., are gradually being regulated. Clearly, Uniswap and MetaMask are the next moves, and the non-regulatory space in the decentralized environment is becoming increasingly constrained.Of course, from another perspective, embracing regulation and KYC also presents an explosive opportunity for user migration.

Chain Catcher News, North Beta International will hold an offline event titled "Web3.0 New Era" in Singapore on the evening of October 10. The conference focuses on Web3.0 and brings together a group of outstanding entrepreneurial teams, experts, scholars, investment institution leaders, and corporate executives.It is reported that Liang Xinjun, co-founder of Fosun Group, and Ge Yuesheng, CEO of Matrixport, will attend this event. Other participating guests include: BitCoke partner James, Cabital CEO Raymond, Digift CEO Henry, EthSign CEO Yan Xin, and other well-known fund partners in the Web3 industry. (Source link)