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NVT Supports Successful Launch of Hong Kong’s First Transferable Tokenised Repackaging Notes

On December 16, 2024, NVTHK Limited (“NVT”), a leading RWA infrastructure provider, supported Cinda International Asset Management Limited (“CIAM”), acting as the arranger and manager, to successfully launch its first transferable tokenised repackaging notes (or Short-Term Asset-Backed Liquidity Note Token (“STBL”)) on the Ethereum blockchain. This marks a significant milestone as the first transferable tokenised repackaging notes arranged by a Hong Kong-based financial institution. “This groundbreaking financial product underscores Hong Kong’s role as a global hub for financial innovation” , said Jailin Liu, Managing Director of CIAM, in Cinda’s press release on December 24, 2024. STBL targets professional investors (as defined in the Securities and Futures Ordinance (cap. 571, Laws of Hong Kong)) and its underlying assets are a portfolio of AAA-rated money market funds (“MMFs”). NVT, as the on-chain operator, delivers seamless blockchain-based solutions for the issuance and operation of STBL. The initial distributors of STBL include GF Securities (Hong Kong) Brokerage Limited and Hash Blockchain Limited (“HashKey Exchange”).

The issuance of STBL demonstrates NVT’s unwavering commitment to blockchain technology innovation in collaboration with our partners, offering a range of unique features and benefits:

• Cash management instrument with competitive yield: By leveraging the highest-rated MMFs, STBL provides a reliable investment option with stable returns.
• High liquidity: STBL enables daily subscriptions and redemptions and is transferable 24/7, providing high liquidity for professional investors.
• Potential alternative investment medium for international investment scenarios: The tokenised notes are perpetual instruments and are intended to serve as the alternative investment medium (AIM) for an upcoming blockchain community (as referenced from Linklaters’ press release on January 2, 2025).

“NVT is honored to have played a pivotal role in the successful issuance of STBL on the Ethereum blockchain. This achievement not only sets a remarkable example for the tokenisation of financial products in Hong Kong but also represents a significant milestone in integrating blockchain technology with traditional finance. As a key participant, NVT has provided secure, reliable, and scalable end-to-end technology solutions for the issuance and distribution of STBL. The success owes much to Hong Kong’s supportive environment for financial innovation and strong collaboration across the industry,” said Jay Zhao, the founder and CEO of NVT. “We firmly believe that working closely with industry partners will accelerate the digital transformation of capital markets, driving greater transparency, efficiency, and global accessibility. FinTech’s ability to improve traditional financial systems, reduce costs, and expand market opportunities is reinforcing Hong Kong’s standing as a global financial hub. We look forward to deepening our partnerships with more financial institutions to co-create an innovative and thriving ecosystem for digital capital markets, where the benefits of FinTech could be shared by all the market participants.”

Jay highlighted: “With STBL, transactions between tokenised financial products on the blockchain could be achieved under the Hong Kong regulatory framework. This marks a significant milestone for digital financial industry in Hong Kong.”

NVT is a Hong Kong-based FinTech company and specializes in providing comprehensive digital infrastructure and technology solutions for financial institutions and corporates. NVT’s RWA Tokenisation System transforms traditional financial products into fully compliant and easily accessible digital assets that redefine the capital market landscape. NVT continues to lead the industry in innovation:

• supported GF Securities (Hong Kong) in the successful issuance of Hong Kong’s first tokenised security under Hong Kong law in January 2024.
• supported CIAM in the successful issuance of STBL arranged by it in December 2024.

The two landmark cases, completed within just one year for two prominent financial institutions, serve as a powerful testament to NVT’s unwavering commitment to client service, as well as the exceptional reliability and effectiveness of its RWA Tokenisation System. NVT remains dedicated to expanding its partnerships across the industry, focusing on building a robust and interconnected ecosystem that supports the deep integration of traditional and digital finance and enables transformative growth for all participants.