Hong Kong Fosun Tokenizes $328 Million Worth of Medical Company Stocks

According to a report by Jinse Finance, Hong Kong-based Fosun Wealth Holdings has launched tokenized stocks of Israeli medical company Sisram Medical. The company is listed on the Hong Kong Stock Exchange, and this move aligns with Hong Kong's strategy to establish itself as a hub for cryptocurrency and blockchain. According to a statement released on Tuesday, these stocks, representing approximately $328 million in market value, have been deployed through Vaulta, Solana, Ethereum, and Sonic. The company stated that this initiative leverages Vaulta's "Banking OS" and integrates Solana into its tech stack for issuance and settlement. Sisram Medical, an Israeli medical technology company with the stock code 1696.HK, is the first equity asset introduced under this tokenization initiative. Fosun also plans to further tokenize corporate bonds and stocks in the future, though specific companies or timelines have not yet been disclosed.