Coolpad Group: RWA Division has been established to explore property asset tokenization

According to Zhitong Finance, Coolpad Group (02369. HK) has announced the establishment of the "Real World Asset tokenization Business Unit" (RWA Business Unit). The establishment of this department aims to coordinate and promote key tasks such as Real World Asset Tokenization (RWA). The company has been exploring Web3.0 related fields since 2023. The establishment of RWA Business Unit aims to more systematically adapt to the technological changes of Web3.0 and actively respond to the innovative direction advocated by the Hong Kong Special Administrative Region Government's "Digital Asset Development Policy Declaration 2.0". The RWA Business Unit will be directly led by Mr. Chen Jiajun, Chairman of the Board and CEO of the company.