On December 16, 2024, as a leading infrastructure provider in the RWA field, NVT HK Limited (referred to as "NVT") assisted Cinda International Asset Management Limited (referred to as "Cinda International Asset Management") as the arranger and manager, successfully issuing its first transferable tokenized restructured note, namely the short-term asset-backed liquidity note token STBL, on the Ethereum blockchain. This is the first case of a transferable tokenized restructured note arranged for issuance by a financial institution in Hong Kong. Liu Jialing, Managing Director of Cinda International Asset Management, stated in a press release on December 24, 2024: "This innovative financial product demonstrates Hong Kong's important position as a global financial innovation center." The target clients of STBL are professional investors (for relevant definitions, please refer to Hong Kong Ordinance Chapter 571 (Securities and Futures Ordinance)), with AAA-rated money market funds ("MMFs") serving as the underlying asset. NVT, as the on-chain operator, provides an efficient and smooth blockchain technology solution for the issuance and distribution of STBL. The first distributors of STBL include GF Securities (Hong Kong) Brokerage Limited and Hash Blockchain Limited ("Hash Key Exchange").
The issuance of STBL fully reflects the firm commitment of NVT and its partners to drive innovation through blockchain technology, showcasing a range of unique features and advantages:
Cash management tools with competitive returns: By utilizing top-rated MMFs, STBL provides professional investors with reliable and stable investment options.
High liquidity: STBL supports daily subscriptions and redemptions, and allows for 24/7 transfers, providing high liquidity for professional investors.
Potential alternative investment medium applicable to global investment scenarios: This tokenized note is a perpetual bond, intended to serve as an alternative investment medium (AIM) for the upcoming blockchain community (quoted from a press release published by Yili Da on January 2, 2025).
Zhao Jianggong, founder and CEO of NVT, stated: "NVT is honored to participate in the successful issuance of STBL on the Ethereum blockchain, which is not only an outstanding case of financial product tokenization but also an important milestone for blockchain technology empowering traditional finance. As a core participant of STBL, NVT provides secure, reliable, and scalable comprehensive technology solutions for the issuance and distribution of STBL. This practice was successfully completed thanks to Hong Kong's open and inclusive financial innovation environment and the active participation and support of various industry players. We believe that through innovative cooperation with industry players, we can more efficiently promote the digital transformation of capital markets, enhancing transparency, efficiency, and global accessibility. The advantages of financial technology in improving the efficiency of the traditional financial system, reducing costs, and expanding markets are gaining wider recognition, injecting new vitality into consolidating Hong Kong's core position as an international financial center. In the future, we look forward to extensive cooperation with more financial institutions to build an innovative and prosperous digital capital market ecosystem, allowing the benefits of financial technology to reach all market participants."
Zhao Jianggong emphasized: "With STBL, trading of on-chain financial products can be conducted within Hong Kong's compliance framework. This is an important milestone for Hong Kong's digital finance industry."
NVT is a financial technology company deeply rooted in Hong Kong, focusing on providing comprehensive digital infrastructure and technology solutions for financial institutions and corporate clients. NVT's RWA tokenization system transforms traditional financial products into fully compliant and easily accessible digital assets, redefining the investment landscape of capital markets. NVT always leads industry innovation:
In January 2024, assisted GF Securities (Hong Kong) in successfully issuing Hong Kong's first tokenized security under Hong Kong law.
In December 2024, assisted Cinda International Asset Management in successfully arranging the issuance of STBL.
Successfully completed milestone cases serving two major financial institutions within a year, fully demonstrating NVT's high-quality customer service and the reliability and efficiency of its RWA tokenization system. In the future, NVT will continue to expand and deepen collaboration with industry partners, focusing on building a strong interconnected ecosystem that supports the deep integration of traditional and digital finance, creating disruptive growth opportunities for all participants.
Contact NVT
Official website: www.nvt.com.hk
