Cinda International Asset Management arranges the issuance of transferable tokenized notes STBL

Cinda International Asset Management Co., Ltd. (referred to as "Cinda International Asset Management") announced on December 16, 2024 the successful issuance of the short-term asset-backed liquidity note token STBL arranged by it on the Ethereum blockchain, STBL The target customers are professional investors (for the relevant definition, please refer to the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong). This will be the first case in which a financial institution in Hong Kong arranges the issuance of transferable tokenized packaged restructuring notes. GF Securities (Hong Kong) Brokerage Co., Ltd. and Hash Blockchain Limited ("HashKey Exchange") served as the first batch of distributors in this issuance and played a key role in ensuring the smooth issuance of STBL.

Through the tokenization of bills, the issuance and transfer of STBL do not need to rely on third-party intermediaries such as clearing houses. Its issuance and transfer are automatically recorded on the blockchain in real time. Anyone can view and verify the transfer record on the blockchain. Thereby improving transparency; the STBL bill structure enables traditional financial market investors to seamlessly access blockchain products while meeting the investment needs of crypto market investors for traditional financial products.

Each STBL has a face value of US$1 and maintains a stable value, and daily accumulated interest will be automatically distributed to the wallets of professional investors in the form of newly issued tokens on the monthly dividend payment date. STBL's underlying assets are a portfolio of AAA-rated money market funds (MMFs). The STBL manager (Cinda International Asset Management) will publish the average daily return of its related assets in the previous week and the underlying MMFs on the public website every week. By leveraging the highest rated MMFs, STBL provides reliable investment options with stable returns. Its high liquidity further enhances the appeal of its products and enables daily subscriptions and redemptions. STBL can be transferred 24/7, and the related asset attributes and legal structure of STBL make it applicable to international investment scenarios.

Cinda International Asset Management will serve as the manager of STBL, and NVT will provide blockchain operation services for STBL's blockchain agents and provide technical support solutions for STBL's issuance on the blockchain. GF Securities (Hong Kong) Brokerage Co., Ltd. and HashKey Exchange serve as the first distributors of STBL.

In order to attract more investors to participate and optimize the long-term income structure, Cinda International Asset Management will discuss with HashKey Group, Asia's leading global digital asset financial services group, to introduce an innovative incentive mechanism in the issuance and distribution of STBL. This incentive mechanism will Open to all STBL investors. At the same time, Cinda International Asset Management is also exploring the possibility of further in-depth cooperation with HashKeyGroup, and plans to expand STBL issuance to the Ethereum Layer 2 network HashKey Chain. If implemented, it is expected that this move will significantly expand STBL's investor base.

For the successful issuance and distribution of STBL:

Liu Jialing, Managing Director of Cinda International Asset Management, said: "We are honored to announce the successful launch of our company's first transferable tokenized note, which is backed by a series of money market funds. This innovative financial product highlights the This achievement not only marks an important milestone for our company, but also marks Hong Kong's important position as a global center of financial innovation. Chengbei provides investors with enhanced liquidity and security. Through this pioneering initiative, we are committed to injecting new vitality into the financial market and providing investors with better financial services. Focused on driving innovation in finance, we are excited about the continued progress of this pioneering initiative and the impact it will bring.”

Mr. Zeng Chao, CEO of GF Securities (Hong Kong), said: “The participation of GF Securities (Hong Kong) in the distribution of Cinda’s tokenized products marks a new step for us in the field of tokenization cooperation and further enriches tokenization in Hong Kong. Ecological environment of securities. Our vision is to promote cooperation among different institutions in the industry in the field of tokenization, form a set of industry standards, achieve mutual recognition and interchange of products in the industry, promote product innovation and enrich the service content provided to customers. ”

Terence Pu, Managing Director of HashKey Exchange, said: "We are honored to participate in the STBL project with well-known partners such as Cinda Asset Management, NVT and GF Securities (Hong Kong). This cooperation marks an important milestone in promoting the development of Hong Kong's financial market. In Under the guidance of regulatory authorities, HashKey Exchange is committed to expanding the range of compliance products and services to better serve our customers. The STBL project not only improves operational efficiency, but also provides investors with stable and low-risk returns, thereby enhancing market confidence as a Hong Kong company. The largest* licensed virtual asset exchange, HashKey Exchange focuses on bridging the gap between high-quality STO products and the growing community of cryptocurrency investors. It also looks forward to the participation of HashKey Chain to provide more innovative on-chain financial solutions for projects. plan."

NVT founder and CEO Zhao Jiangong said: "NVT is very honored to participate in the successful issuance of STBL on the Ethereum blockchain. This is not only an outstanding case of tokenization of financial products, but also an important example of blockchain technology empowering traditional finance. Milestone. As a core participant of STBL, NVT provides safe, reliable, and scalable comprehensive technical solutions for the issuance and distribution of STBL. The successful completion of this practice benefited from Hong Kong’s open and inclusive financial innovation environment and various members of the industry. our active participation and support. We believe that through innovative cooperation with all parties in the industry, we can more effectively promote the digital transformation of the capital market and improve transparency, efficiency and global accessibility. The advantages of financial technology in improving the efficiency of the traditional financial system, reducing costs and expanding the market. , is gaining more and more widespread 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 to allow finance. The dividends of technology benefit all market participants.”

About Cinda International Asset Management

Cinda International Asset Management was established in 1993 and is a wholly-owned subsidiary of Cinda International Holdings Co., Ltd. Cinda International Asset Management is a licensed corporation regulated by the Securities and Futures Commission (“SFC”) and is licensed by the SFC to carry out Type 4 (advising on securities) and Type 9 (providing advice on securities) Asset management) regulated activities. Cinda International Asset Management is the core platform for China Cinda Asset Management Co., Ltd. and its subsidiaries ("China Cinda Group") to carry out diversified asset management business overseas. Relying on China Cinda Group’s nationwide business network and all-round resource support, the team’s international investment vision, in-depth understanding of cross-border investment and financing business and efficient execution, Cinda International Asset Management has become a A platform that takes root in the Greater China region and actively participates in global investment business.

About NVT

NVT is a financial technology company deeply rooted in Hong Kong. Its founder and core team have deep accumulation in Hong Kong and international capital markets. They have keen insights into local market dynamics and a global strategic vision. As an institutional innovation partner of the Hong Kong capital market, NVT is committed to building infrastructure that connects traditional finance and the Web3 world, becoming a pioneer in building a digital capital market ecosystem. As a leading infrastructure provider in the Web3 field, NVT assisted GF Securities (Hong Kong) in January 2024 to successfully issue the first tokenized securities applicable to Hong Kong law in Hong Kong, making it the first company to place independently created financial assets in Hong Kong. A Chinese securities firm that completes tokenized issuance and distribution on the public chain.

NVT focuses on providing comprehensive digital infrastructure and technology solutions to financial institutions and corporate customers. Its core business covers virtual asset brokerage systems, RWA tokenization systems and enterprise-level digital wallet solutions. With professional capabilities and market foresight, NVT is committed to promoting the in-depth integration of traditional finance and the digital economy, creating value and winning competitive advantages for customers in the rapidly developing digital wave.

About GF Securities (Hong Kong)

GF Securities (Hong Kong), namely GF Holdings (Hong Kong) Co., Ltd. (hereinafter referred to as "GF Holdings (Hong Kong)") and its subsidiaries, is a subsidiary of GF Securities Co., Ltd. (stock code: 000776.SZ, 1776.HK). The core platform of globalization strategy. GF Securities (Hong Kong) Brokerage Co., Ltd. is a subsidiary of GF Holdings (Hong Kong) Co., Ltd.

GF Securities (Hong Kong) is committed to becoming a leading Chinese securities firm focusing on the Asian market, with China's advantages and Bay Area characteristics. In the past 20 years of development, GF Securities (Hong Kong) has provided global and local enterprises, institutions, retail and high-net-worth customers with a full range of financial services such as global securities, investment banking, wealth management and brokerage, and investment management. It has the Hong Kong Securities Regulatory Commission Will have licenses No. 1, 4, 6 and 9.

About HashKey Group

HashKey Group is Asia's leading digital asset financial services group with global presence. Since 2018, HashKey Group has built a global Web3 ecological landscape covering Hong Kong, Singapore, Japan, Bermuda and other places within a regulatory framework with high compliance standards.

About HashKey Exchange

HashKey Exchange is committed to setting new standards for virtual asset exchanges in terms of compliance, fund protection, and platform security. Hash Blockchain Limited (HashKey Exchange) is the first licensed retail virtual asset exchange in Hong Kong. Currently, it has been approved by the Hong Kong Securities and Futures Commission (SFC) and holds Category 1 (securities transactions) and Category 7 (provision of automated trading services) under the Securities and Futures Ordinance, as well as the Anti-Money Laundering The virtual asset trading platform license is issued under the Regulations and the virtual asset trading platform is operated in compliance with regulations. As the flagship business of HashKey Group, HashKey Exchange provides one-stop virtual asset trading services for professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (information security) and ISO 27701 (data privacy) management system certification. To comply with laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, and certain other jurisdictions.