According to Foresight News, Tai Chi Capital Group has launched Hong Kong's first real estate security token offering (STO) through its subsidiary Pioneer Asset Management. The closed-end fund, PRINCE, is targeting professional investors and aims to raise approximately HKD 100 million. If approved by regulators, the group plans to list the token on its virtual asset trading platform, HKbitEX. The STO project has an entry fee of just HKD 1,000, and once the token is listed on the virtual asset trading platform, it can be traded 24 hours a day on the secondary market. Investors' ownership is clearly recorded on Ethereum or other blockchains, and returns include rental income and future property appreciation.

Zhang Zhongyu, Vice President of Capital Markets and Wealth Management at Tai Chi Capital Group, said that after signing the subscription agreement, investors can open an account with a wallet, and the corresponding tokens will be distributed upon successful subscription. In the event of a loss, such as tokens being stolen, the fund company will compensate investors according to the requirements of the Securities and Futures Commission.