One of China’s leading developers, Seazen Group Ltd, has announced the launch of tokenized private debt by the end of this year. The developer also plans to create its own platform for working with tokenized real-world assets (RWA), with the Wuyue Plaza shopping centers being the first properties for tokenization.
This is reported by Finway
Digital Asset Development Strategy at Seazen Group
The company, which has maintained financial stability during the prolonged crisis in the Chinese real estate market, is actively expanding its operations in the digital finance sector. Seazen Group is establishing a division for managing digital assets and is preparing to launch NFT products related to the investment assets of Wuyue Plaza shopping centers.
“Over 32 years of development, the group has accumulated significant capital reserves and conducted preliminary research in the field of real assets,” said Seazen Chairman Wang Xiaosong in a statement to the Hong Kong Stock Exchange.
Seazen Group has become the first major developer in China to openly announce its entry into the digital asset market. This comes amid a liquidity shortage among many competitors and overall support for tokenization from the Hong Kong government.
Tokenized Debt and Own RWA Platform
Wang Yifen, Vice Chairman of the Seazen Digital Assets Institute, explained that the company’s primary goal will be the tokenization of financial assets, including private and convertible bonds in RWA format.
“Our first attempt will be the tokenization of financial assets, specifically private and convertible bonds, in RWA [real-world tokenized assets] format,” Wang Yifen, Vice Chairman of the Seazen Digital Assets Institute, told reporters in Hong Kong.
According to him, negotiations with investors regarding the first placement have already taken place, and the company expects to implement the project by the end of the year. The tokenized debt from Seazen Group will be characterized by lower costs and greater accessibility for investors compared to traditional debt instruments.
In addition to debt obligations, the company plans to tokenize its own Wuyue Plaza shopping centers and issue special NFTs related to this brand. At the same time, Seazen Group is developing a unique platform for trading RWA assets, which will allow the company to compete in the rapidly growing digital asset market.
It is worth noting that the segment of tokenized assets is actively developing worldwide. According to data from Token Terminal, the total volume of assets under management in the RWA sector has exceeded $270 billion. Major industry players are also increasing their activity in this direction: Tether has launched the Hadron platform for tokenization, CME Group is testing RWA solutions in collaboration with Google Cloud, and a real estate tokenization project is already operating in Dubai.
According to Nansen CEO Alex Svanevik, “the tokenization revolution is happening in private markets.” Seazen Group’s entry into this sector confirms the scale of the changes: private companies see RWA as a tool for raising capital and democratizing financial markets.